Linking Alaska’s Resources to Alaska’s People 12 2024 Meet Alaska Conference & Trade Show Second phase would add more production pads Santos Ltd. is set to keep rolling with its North Slope development. As the initial development of the Pikka project’s phase one proceeds, no official decisions on phase two have been made, but the company has told contractors that a phase two investment decision on that is likely when phase one is complete in mid2026. Australia-based Santos is a 51 percent owner of Pikka and is operator. Repsol, based in Madrid, is 49 percent owner. Phase two involves two more production pads and related facilities, expanding the single pad and facilities in phase one. Following that will come further drilling and development work on two other important discoveries Santos has made. After Pikka, the company’s attention will shift to the Quokka Unit southeast of Pikka, where the “Mitquq” well discovered oil, and then further south to the discovery at the “Stirrup” well which led to the forming of the Horseshoe Unit southwest of Pikka. Another delineation well is planned at Quokka to better define the resource and allow permitting to begin. A decision to develop Quokka is likely after Pikka is complete. Another delineation well is also needed at Horseshoe, development there will likely follow Quokka. Because of the extended development period at Pikka, Santos was able to lock in good prices, which will Santos continues rolling ahead on Pikka Project CONTINUED on PAGE 14
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