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2. EXPLORATION:

To prepare for its turn in the Arctic, ConocoPhillips stays out of rough waters

ANCHORAGE -- Earlier this month, ConocoPhillips' Arctic drilling team began real-time planning for oil exploration in Alaska's Chukchi Sea. Working from a state-of-the-art central control room in the company's downtown offices, the experts are using satellite feeds to monitor ice conditions at ConocoPhillips' Devils Paw prospect. They're tracking daily Arctic weather conditions and mapping the logistics of shipping equipment and personnel to offshore facilities. But despite the intensive activity, the company is not physically sending a drill rig to the Arctic.

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