The Bureau of Land Management has approved ConocoPhillips’ (COP) proposed Willow Master Development Plan (MDP) for drilling in Alaska’s National Petroleum Reserve.According to the bureau’s final environmental impact statement (EIS), the Willow MDP Project could produce in excess of 160,000 barrels of oil per day (with a processing capacity of 200,000 barrels of oil per day) over its anticipated 30-year life, producing up to approximately 590 million total barrels of oil.More than 1,000 jobs are expected during peak construction with more than 400 jobs during operations- which will help offset declines in production from the North Slope oil fields and …read more
Source:: Yahoo Finance
