Pikka’s Promise to Keep TAPS Flowing
New projects on the North Slope, such as Pikka, could ensure that the Trans Alaska Pipeline System rarely drops below half capacity for the foreseeable future.
New projects on the North Slope, such as Pikka, could ensure that the Trans Alaska Pipeline System rarely drops below half capacity for the foreseeable future.
The state’s North Slope areawide oil and gas lease sale saw a significant uptick in activity and revenue compared to last year, with more than $5 million in winning bids on seventy tracts.
The Greater Mooses Tooth #2 drill site in the National Petroleum Reserve-Alaska has achieved first oil production, according to ConocoPhillips Alaska.
The Alaska Division of Oil and Gas received six bids totaling $467,609 from two bidders at the Fall 2021 North Slope lease sale.
The revised development plan ultimately allows Oil Search to increase its overall production at a reduced cost.
“As we take a look at 2021, our focus is getting back to work for Alaska’s future,” says ConocoPhillips Alaska President Erec Isaacson.
The sale encompasses 100 percent of BP’s Alaska interests, which includes its midstream and upstream assets, BP Pipelines’ interest in the Trans Alaska Pipeline System, and a cluster of Arctic Slope Regional Corporation units located within the Arctic National Wildlife Refuge.
Ahtna Petrochemical Products, a subsidiary of Ahtna Netiye’, has acquired twenty-three acres of North Slope pad space to support operational and logistical needs of the oil and gas industry in Alaska.
Oil and gas exploration companies offered $7.8 million for the rights to search for oil on 154,610 acres of state land on Alaska’s North Slope and Beaufort Sea, according to results from the 2019 oil and gas lease sale conducted by the Division of Oil & Gas.
Baker Hughes, a GE company has successfully changed its name to Baker Hughes Company.