The companies said they would make efforts to offset and reduce fossil-fuel emissions, including through use of natural gas instead of diesel fuel during operations.įully developing the first phase will involve drilling 45 wells from a single well pad. Mike Dunleavy said it “will continue the renaissance on Alaska’s North Slope.”
Lisa Murkowski and Dan Sullivan lauded the plans for the Pikka project. Development could also generate billions of dollars in state and local tax revenue, primarily through royalties to the state.Īnother major North Slope oil prospect, ConocoPhillips' Willow project, has been delayed by litigation and a new environmental review.Īlaska U.S. Santos which has a market value of more than 16 billion, said the first phase of the Pikka oil project on Alaska’s North Slope would add an estimated 80,000 barrels per day of crude oil to the. If developed, the field on state land east of the National Petroleum Reserve-Alaska could significantly boost the flow of oil through the trans-Alaska pipeline system. The project area is located west of ConocoPhillips’ Kuparuk unit, near the Colville River village of Nuiqsut. A service design approach to healthcare innovation: From decision-making to. There are files that don’t need complicated. Which allows you to create, design and print any kind of document.
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Santos, in a statement, said the funds will cover the initial phase of development at the Pikka field, with 80,000 barrels of oil daily expected to begin flowing in 2026. Santos has previously stated that Pikka Phase 1 has received all major environmental and regulatory approvals and has sufficiently advanced its front-end engineering design work. Free adobe pagemaker 6.5 download software at UpdateStar - Adobe PageMaker is a page layout program for professional and personal use. According to the Alaska Department of Law, the Alaska Legislature can set aside funds from the current budgetary cycle to be spent in future years for Alaska’s school districts. Santos last year acquired Oil Search of Papua New Guinea, which had been working to advance the project. The Alaska Supreme Court ruled that that the state legislature can’t dedicate future revenues for future budgetary cycles. Santos has a 51% stake in the Pikka project, and the company said Tuesday that its investment will be $1.3 billion. Alaska has the resources and environmental safeguards in place to meet America’s energy needs today and for decades to come.”Īround 75% of the projected budget will be with companies operating in Alaska, and contracts are expected to be awarded this week.ANCHORAGE, Alaska (AP) - Two oil and gas companies have announced plans to invest $2.6 billion into developing a major oil field on Alaska's North Slope.Īustralia-based Santos and Spain-based Repsol made the announcement, which was lauded by state political leaders, the Anchorage Daily News reported. Americans are paying sky-high energy prices right now – but it doesn’t have to be that way. PIKKA DESIGN LTD UK company, Company number: 11309737, Incorporation Date, Address: UNITED KINGDOM, LONDON, OFFICE 484B, 182-184 HIGH STREET. Mike Dunleavy applauded the news: “This announcement will continue the renaissance on Alaska’s North Slope. Repsol is a Spain-based company that holds an interest in approximately 195,256 net acres on the North Slope. Santos of Papua New Guinea, is one of the leading independent oil and gas producers in the Asia-Pacific region, focused on Australia, Asia, and Alaska. Santos, which acquired Oil Search, has a 51% interest in the project and will invest $2.6 billion to bring the Nanushuk-area field into production, which will require employing 2,600 workers during construction, and 500 jobs once oil production begins.
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