Congratulations to Santos Ltd for announcing Pikka FID and net-zero project plans ⚡.
As the operator of the Pikka Unit joint venture, today 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 the first oil anticipated in 2026.
The project has strong fundamentals, is located in a world-class oil-producing province with significant existing infrastructure, has low unabated emissions intensity, and is supported by key stakeholders, including the State of Alaska, the North Slope Borough, the landowner company Kuukpik Corporation and the Arctic Slope Regional Corporation (ASRC).
Source: Santos Ltd
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