Exploration & Business Development

ConocoPhillips employee in the field

Unconventional Exploration Areas  

As of Dec. 31, 2021, the company held 207,000 net acres in unconventional exploration plays in the Canol area of the Central Mackenzie Valley.  

Arctic Canada Beaufort Sea/Mackenzie Delta  

Since the late 1960s, ConocoPhillips has had a prominent position in the Beaufort Sea and Mackenzie Delta. In total, the company holds interests in 49 significant discovery licenses and one exploration license.  As of Dec. 31, 2021, the total leasehold for the Beaufort Sea and Mackenzie Delta region was approximately 721,000 net acres.  

Arctic Islands  

In the Arctic Islands, ConocoPhillips holds interests in 13 significant discovery licenses.  As of Dec. 31, 2021, the total leasehold for the Arctic Islands region was approximately 158,000 net acres.  

Atlantic Canada  

ConocoPhillips also holds interests in five significant discovery licenses covering 21,000 net acres in the Labrador region.