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Santos Plans First Phase of Pikka Oil Project

OIL

Australian oil and gas producer, Santos has announced first phase plans of the $2.6 billion Pikka oil field project in Alaska.

  • The planned development comes after failing to sell down stake in the project.
  • The oil field would produce 80kbpd with plans to start up in 2026. Oil will be transported using the existing Kuparuk and Trans-Alaska Pipeline systems.
  • The Australian producer yesterday announced record first-half profits about four times greater than the H1 last year.
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Australian oil and gas producer, Santos has announced first phase plans of the $2.6 billion Pikka oil field project in Alaska.

  • The planned development comes after failing to sell down stake in the project.
  • The oil field would produce 80kbpd with plans to start up in 2026. Oil will be transported using the existing Kuparuk and Trans-Alaska Pipeline systems.
  • The Australian producer yesterday announced record first-half profits about four times greater than the H1 last year.