Well Pad 104W-A, featuring eight well pairs, achieved first oil on December 11, 2025, coming online ahead of schedule.

104W-A marks the first phase of a two-phase project. Construction is already underway on the second well pad, 104W-B, which will feature 12 well pairs.

At Surmont, wells operate in pairs: an injector and a producer. In the steam-assisted gravity drainage process, the injector pumps steam into the reservoir to heat the heavy oil and make it flow more easily. The producer, positioned below, collects the heated bitumen and water mixture and brings it to the surface.

Eamon Marron, Surmont development manager, noted that Pad 104W-A will play a key role in 2026 and sets up the asset to grow production into 2027, adding that Pad 104W-B is expected to come online approximately 12 months from the time of the announcement.

With 104W-A wells now online and flowing into Surmont 1 for central processing, first oil from the pad marks another important milestone for the asset, building momentum across the latest development phase and supporting Surmont’s long-term production outlook.

About Conocophillips: A leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Together with their high-performing operations and continuously advancing technology, they are well positioned to deliver strong, consistent financial results, now and for decades to come.

For more information visit www.conocophillips.com