ConocoPhillips is setting a new standard for being a good neighbor with its Putu 2 exploration well to be spudded next month just three miles across tundra plains from the North Slope village of Nuiqsut.
The company is taking what are considered unprecedented mitigation measures for the well to make sure its presence has a minimal negative impact on the village, its environment and its subsistence resources.
This is no surprise. ConocoPhillips is a great company, one of many drawn to Alaska by this state’s abundant natural resources. In this case, ConocoPhillips’ extraordinary mitigation measures have won it the right to drill a long-sought well in a formation believed capable of producing more than 20,000 barrels of crude oil per day.