![]() Santos had no comment on Repsol’s timeline, except to point to its own second quarter report, which states, “Pikka Phase 1 project in Alaska has received all major environmental and regulatory approvals and has sufficiently advanced FEED work to achieve FID-ready status, as planned.” The same sentence appears in Santos’ first quarter report in April. ![]() ![]() In a second-quarter earnings call last week, Repsol CEO Josu Jon Imaz said, “In Alaska, the final investment decision for the development of Pikka is expected to be taken this quarter, with first oil forecast in the first half of 2026.”Ī year ago, before the Santos takeover, Oil Search had predicted first oil in 2025. The other 49 percent belongs to Spanish oil company Repsol. Don’t allow irresponsible oil and gas companies to skirt the rules and force Coloradans to clean up their messes.The Australian oil company acquired Papua New Guinea-based Oil Search in December, including its Alaska headquarters in the former BP building in Anchorage and a 51 percent stake in Pikka, a promising North Slope prospect west of ConocoPhillips’ Kuparuk unit. The 2.6B Pikka Phase 1 project is making. Read why we rate the stock a Buy at its current levels. Rocky Mountain Wild calls on COGCC to enforce these rules. Santos is the AU 23B Australian energy player borne out of a recent merger with Oil Search. COGCC will begin holding hearings in April to evaluate whether these plans are adequate. Santos’ partner in the project is Spanish oil company Repsol. The Biden administration is soon set to approve ConocoPhillips Willow Project, a major oil drilling project on Alaskas North Slope, according to a congressional source familiar with the details. Santos acquired Oil Search of Papua New Guinea last year, which had been working to advance the project. However, we created this interactive map showing that dozens of Colorado’s oil and gas producers (including K.P. The company said in a statement Tuesday that its investment will be 1.3 billion. Many operators are following the spirit and intent of the rules. Rocky Mountain Wild and partners have reviewed these plans. When expanded it provides a list of search options that will switch the search inputs to match the. This button displays the currently selected search type. My bet is it will be soft-denied, with an 17 comments on LinkedIn. Operators have now filed Financial Assurance Plans with COGCC. It looks like the Willow project is headed toward some sort of final resolution soon by the Biden administration. Since then, the Colorado Oil and Gas Conservation Commission (COGCC) passed new financial assurance rules last year that Governor Jared Polis calls the “ strongest in the nation.” The goal was to require operators to better prepare to meet the financial costs of cleaning up drilling and production sites. In 2021, Rocky Mountain Wild produced a story map about the risks from tens of thousands of low-producing, uneconomical, dangerous wells in Colorado. Wells that are not cleaned up can become environmental hazards, risking toxic chemicals seeping into groundwater and climate-change-causing greenhouse gases polluting the air. That statement came from Amy Burnett, U.S. 2 that the Pikka project is ready for FID from a technical perspective, and we are continuing to pursue a variety of funding opportunities. When Oil and Gas wells are no longer producing in economic quantities, operators must plug the wells and reclaim the surface. Pikka is currently finishing up FEED, or front-end engineering and design work. Pikka is one of two major oil prospects on the North Slope. See thermal imaging of pollution at this site here. With first oil from Pikka pegged for late 2023 as recently as early 2020 and peak production once seen at rates near 120,000 barrels per day, Oil Search representatives said earlier this. ![]() Bayless Dry Creek Federal 1-14 in Routt County. ![]()
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