![]() ![]() The company expects that the initial development will target approximately 768 million barrels of oil in the field, with first production anticipated in 2026 and plateau production rates of 80,000 barrels per day (gross). #Oil search pikka fullTo date, 20+ exploration and appraisal wells have been drilled in the unit area, which, combined with full coverage of 3D seismic data, have delineated a giant oil resource. The Pikka Unit, which is located adjacent to several giant producing oil fields, was discovered in 2013. The Petrophysicist will be a key member of the Subsurface Team that is primarily tasked with the development of the Pikka Unit on the North Slope of Alaska. These opportunities combine to offer a clear path to long-term growth in Alaska. The Alaska assets also include discoveries made from both the Mitquq and Stirrup exploration wells drilled in 2020. The permitted Pikka development project includes two additional drill sites. The Pikka Unit is one of the largest conventional oil discoveries made in the United States in the last 30 years, and the Pikka Phase 1 Project is the most significant development on Alaska's North Slope in more than 20 years. The project is on track to be ready for a final investment decision by mid-year 2022. Pikka is poised to play an important role in the energy transition and is aligned with our company goal of managing climate change risk. ![]() Pikka has been identified as being among the top quartile of oil and gas development projects for greenhouse gas emissions performance. Our focus in Alaska is advancement of our Pikka Phase 1 project, which includes a single drill site, an oil processing facility, and other infrastructure to support production of 80,000 barrels of oil per day. Through its merger with Oil Search, Santos has acquired and assumed operatorship over a world-class portfolio of oil leases on the Alaskan North Slope, USA. ![]()
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