Stay updated with breaking news from Bruce Dingeman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil Search has applied to the Alaska Division of Oil and Gas to form the Quokka unit in an area where there have been a number of discoveries, most recently Mitquq, drilled in 2020. Quokka is east of Pikka, and like that unit, the primary focus is the Nanushuk. The application, signed by Bruce Din...
Providing coverage of Alaska and northern Canada's oil and gas industry Oil Search endures Kay Cashman Petroleum News Despite what hindsight might show to be an unwise decision, Oil Search Ltd.s board quickly accepted the resignation of its top executive Keiran Wulff, creating worries about the future of the big North Slope Pikka development and further opportunity for regional competitor and shareholder Santos to take over the company - and Pikka - at an undervalued price. However, despite badgering from concerned analysts and investors, Oil Searchs board and executive leadership team ...
How COVID-19 Prompted Oil Search to Pivot at Pikka Formed nearly a century ago, Papua New Guinea-based Oil Search entered Alaska’s oil and gas scene in 2018 with a $400 million purchase of North Slope oil leases from Armstrong Energy and GMT Exploration. The purchase included interests in the Nanushuk oil field in the Pikka Unit, one of the largest conventional US oil discoveries in thirty years, and the Horseshoe block. “We entered into Alaska for new growth and to diversify our operations, both geographically and for a mix of oil and gas production,” Executive Vice President of Alaska...
US: Oil Search plans selldown as Pikka Project enters FEED 23 Feb 2021 FEED entry for Phase 1 of the Pikka project on Alaska's North Slope. Phase 1 will include a single drill site and a production facility with 80,000 barrels of oil per day (bopd) capacity. This is an exciting and critical step toward delivering production and revenue from Oil Search’s Alaska assets. Phase 1 FEED scope focused on delivering 80,000 bopd starting in 2025 Front-end engineering and design (FEED) will consist of finalising the design scope, execution plan, budget and schedule, and will reduce project risk, ensu...