ConocoPhillips Alaska announced today that the Coyote 3SX development in the Kuparuk River Unit (KRU) on State land has achieved first oil ahead of schedule and under budget on Friday, Aug. 7, 2026. Funding for the approximately $800 million project was approved in October 2025, and construction began in early 2026.
Project Details
The Coyote 3SX development marks an important milestone in the company’s long-term commitment to responsible energy development on Alaska’s North Slope. By leveraging existing infrastructure, the development efficiently brings new production online in the KRU while supporting Alaska jobs, strengthening throughput in the Trans Alaska Pipeline System and generating benefits for local, state and federal governments.
At peak construction in April 2026, there were approximately 365 workers on the project. Expected peak oil rate is 12,000 barrels per day gross.
ConocoPhillips Alaska invests approximately $1 billion each year to sustain and grow its Alaska legacy assets through projects such as Coyote. A stable, predictable fiscal framework supports the long-term investment needed to strengthen production, support Alaska jobs and deliver continued benefits to the state.
Original reporting: Must Read Alaska (Anchorage) — read the source article.
