Through its merger with Oil Search, Santos acquired and assumed operatorship over a world-class portfolio of oil leases on the Alaskan North Slope, USA.
Santos' focus in Alaska is the 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.
Pikka has been identified as being among the top quartile of oil and gas development projects for greenhouse gas emissions performance. Pikka is poised to play an important role in the energy transition and is aligned with our company goal of managing climate change risk. The project is on track to be ready for first oil in 2026.
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 permitted Pikka development project include...