Santos is making steady progress at Pikka, spudding a well in the first half of 2023 and anticipating first oil in 2026.
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 timeline for the Pikka project appears to be slipping since the arrival of a new majority partner, Santos, late last year.
Australian oil company Santos is merging with Papua New Guinea-based Oil Search, which has been developing the Pikka project on the North Slope.
The revised development plan ultimately allows Oil Search to increase its overall production at a reduced cost.
Fall is well underway, and with it signs that Alaska’s oil and gas industry is busy preparing for the 2019-2020 winter drilling season.
Both ConocoPhillips and Oil Search are optimistic about the potential of the Nanushuk Formation on the North Slope following the combined drilling of nine delineation wells over the winter in the Greater Willow and Pikka-Horseshoe units.
Oil Search has received the United States Army Corps of Engineers permit and Record of Decision for the Pikka Development Project on the North Slope, in accordance with Section 404 of the US Clean Water Act.