Design and Engineering Starting for Oil Search’s Pikka Project in Alaska
By Maddy McCarty, Digital Editor
Papua New Guinea-based Oil Search announced front-end engineering and design is beginning for phase 1 of its Pikka project on Alaska’s North Slope.
Phase 1 will cost about $3 billion and include a single drill site and a production facility with 80,000 barrels of oil per day (bopd) capacity, the company said. Engineering and design will progress for the production facility, pipelines, infrastructure for a single initial drill site and operations pad infrastructure with the goal of delivering 80,000 bopd in 2025, according to the company.
Oil Search proposed building up to three drill sites, about 25 miles of roads and about 35 miles of pipelines, a central processing facility, two bridges and an operations center with beds for 200 workers as part of the Pikka development, the Associated Press reported.
“This is a key milestone toward realizing material value from our Alaska assets and creating long term benefits for the North Slope community and jobs for Alaskans,” Oil Search Managing Director Keiran Wulff said.
The company is committed to improving the Pikka project and its resilience to a lower price environment, said Bruce Dingeman, EVP and president of Oil Search Alaska.
“The project will generate jobs, business development opportunities, third party contracts, taxes, royalties and other revenues for the State and regional and local communities,” Dingeman said. “With the positive outlook from our recent exploration results, Pikka is just the beginning for Oil Search in
Alaska.”
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