![]() ![]() OIL SEARCH The final investment decision is yes for Australian oil company Santos to proceed with developing the Pikka Project on the North Slope. Related infrastructure would include a production facility and pipelines, Repsol said in a statement. Featured, News, Oil & Gas A rendering of Phase 1 of the Pikka development. There are two locations: Dumbo as well as Williamsburg where the nearby food selection is nothing to sneeze atthe creators also operate one of the city’s best food festivals: Smorgasburg. 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. (Photo courtesy Armstrong Oil & Gas) Two oil and gas companies have announced plans to invest 2.6 billion into developing a major. Looking for a 3D Pen Pika3D is home of the worlds first 3D printing pen and the webs largest catalogue of 3D pen stencils, lessons, videos and more. Mike Dunleavy said it “will continue the renaissance on Alaska’s North Slope.” The Associated Press - AugA rig in the Pikka unit. Co-Founder & CIO of Brooklyn Investment Group Former Managing Director at Goldman Sachs. 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. 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. 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 last year acquired Oil Search of Papua New Guinea, which had been working to advance the project. Oxtail pies in Bed-Stuy, classic square slices in Gravesend, and more pizza you need to try in the citys most populous borough. Santos has a 51% stake in the Pikka project, and the company said Tuesday that its investment will be $1.3 billion. 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.
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