The industry group is honoring Alyeska Pipeline Service Company, NANA Management Services, a Santos executive, and a resource educator.
The majority of North Slope infrastructure is financed, constructed, and maintained by private entities to support their oil exploration and production activities. Despite North Slope explorers and operators always having an eye on efficiency, some infrastructure (such as processing facilities) isn’t well suited for sharing among multiple companies. However, other infrastructure does lend itself to common use, such as roads and pipelines.
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 final investment decision is “yes” for Australian oil company Santos to proceed with developing the Pikka Project on the North Slope.
The timeline for the Pikka project appears to be slipping since the arrival of a new majority partner, Santos, late last year.