to ensure the development program is carried out in a balanced and environmentally responsible manner that preserves subsistence living and also provides business development opportunities and other long-term benefits to the local communities. These resources are the subject of a separate independent assessment expected to be released in 2020.Īs part of the development program Oil Search has signed a comprehensive Land Use Agreement with the Kuukpik Corp. Oil Search said these figures are based on the current Pikka Unit development plan only and do not include several reservoirs within the Pikka Unit and field extensions outside the unit that could be drilled from existing planned well-pads, or other discovered resources that could be tied into the larger Pikka Unit development with additional investment. Ryder Scott’s estimates for 1C and 3C contingent oil resources are 513 million bbl and 907 million bbl, respectively. The increase in 2C contingent resources has been provided by independent US-based resource consultant Ryder Scott incorporating new reservoir models and regional data acquired by Oil Search during 20. The Pikka Unit facilities will be located 84 km from Deadhorse, major supply base for the North Slope, and 11 km northeast of the community of Nuiqsut. In addition there will be about 40 km of roads, two bridges, and about 56 km of pipelines. The Oil Search Ltd.-operated joint venture on the North Slope of Alaska is preparing to enter the front-end engineering and design (FEED) stage for its proposed Pikka Phase 1 oil development early.
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The infrastructure will also comprise an operations center with a 200-bed camp plus office, stand-by generation, warehouse, and maintenance facilities.
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The full field development, planned to come on stream in 2024, currently assumes drilling 106 wells (53 producer/injector pairs) from three well-pads enabling a production plateau of up to 135,000 b/d through a new Nanushuk central processing facility. 2 that it will unanimously recommend to shareholders an improved 6.2 billion (A8.4 billion) buyout offer from Santos Ltd. After a weekend of talks, Oil Search Ltd.’s board said Aug. This work will provide a learning process and enable enhancements to be incorporated into the full field development drilling program. Oil companies Santos and Repsol have announced they will move forward with Phase 1 of the Pikka project on Alaska’s North Slope. As Santos and Oil Search prepare to merge, fate of Alaska acreage unknown. Work will entail the start of drilling from one well-pad in 2021 along with construction of a three-phase pipeline tied into adjacent processing facilities that have ullage to support the early production.
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