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2 minutes read

ConocoPhillips announces FID for Willow oil and gas project in US

US oil and gas company ConocoPhillips has announced its decision to proceed with the Willow oil and gas project in Alaska.

ConocoPhillips said the final investment decision (FID) will fund the construction necessary to start producing oil.

Based on the estimates by the Bureau of Land Management, the Willow project could generate between $8bn and $17bn in new revenue for the federal government, the state of Alaska, and Alaska Native communities.

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