August 18, 2022 08:29 GMT
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.