07:14 AM EDT, 07/15/2025 (MT Newswires) -- ConocoPhillips ( COP ) has filed applications with federal regulators seeking to drill four new test wells and undertake seismic studies near its roughly $7.5 billion Willow project in Alaska, Bloomberg reported Tuesday.

If approved, it would be the company's largest exploration campaign since 2020, the report said.

It's a matter of "going out and exploring now to ensure that we continue to have this pipeline of opportunities that we're looking at to backfill our infrastructure in the future," Bloomberg quoted ConocoPhillips Alaska President Erec Isaacson as saying.

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