Recent data from the U.S. Energy Information Administration (EIA) indicates that Alaskan crude oil production will increase by approximately 13% in 2026, reaching 477,000 barrels per day, the highest figure since 1980.

Alaska, a producing state that has shown no signs of recovery for decades, will gain ground in the oil industry next year thanks to these projections of a 55,000 bpd increase in crude oil production.

These favorable predictions are possible thanks to two projects on Alaska’s North Slope. First, there’s the Nuna project, owned by ConocoPhillips, which began production in December 2024 and is expected to reach a peak of 20,000 barrels per day (b/d). In August 2025, the project produced 7,000 b/d, offsetting existing production declines. Second, there’s the Pikka Phase 1 project, jointly owned by Santos and Repsol, which will come online in the first quarter of 2026, with a projected peak production of 80,000 b/d by mid-year.

Regarding both projects, the Alaska Oil and Gas Conservation Commission indicates that these wells “produce an average of approximately 480 barrels of oil equivalent per day (BOE/d),” which puts their performance above that of other wells in the region.

M.Pino

Source: elperiodicodelaenergia

(Reference image source: Delfino Barboza on Unsplash)               

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