State oil lease sales draw more than $5 million in bids for North Slope and Beaufort Sea
The areawide lease sale for the North Slope drew bids for 61 tracts, but the total in high bids was on the low side by historical standards.
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The areawide lease sale for the North Slope drew bids for 61 tracts, but the total in high bids was on the low side by historical standards.
Remember the estimate of 160,000 barrels of oil per day possible from the Pikka unit? Well, it is real over time if additional Pikka Unit development is sanctioned according to information provided by Santos Limited Alaska subsidiaries in a mid-September public hearing held by the Regulatory Commiss...
A trio of oil projects gears up to boost throughput on the Trans-Alaska Pipeline System.
Santos, as operator of the Pikka Unit joint venture, has announced a final investment decision (FID) has been taken to proceed with the US$2.6 billion gross (US$1.3 billion Santos-share) Pikka Phase 1 oil project located on the North Slope of Alaska. Pikka Phase 1 is expected to produce 80,000 barrels a day of oil gross with first oil anticipated in 2026.
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