"There has been no impact on the selldown process," the spokesperson said. While the company expects the Pikka project to be ready for a final investment decision by mid-year, it is also trying to sell its 51% stake in the project, as it looks to raise up to $3 billion from asset sales this year. "There has been no impact to access and the land permit granted to Santos by the Division of Oil and Gas on 29 March remains current," a Santos spokesperson said in an email. Instead, Santos applied to the Alaska Department of Natural Resources for a land use permit, which it received on March 29, pending an agreement between the two companies on the long-term access.ĬonocoPhillips challenged that decision on April 5 and the department's commissioner, Corri Feige, has given Oil Search until June 7 to respond before she decides on the appeal. oil and gas producer's Kuparuk River Unit (KRU) oil fields, next to the Pikka project run by Oil Search, which Santos acquired last year. Applications BIF and Lease Sales Pipeline Services Royalty Services Exploration Licensing Geothermal Program Commercial Analysis Public Records Request Permitting Payments. Santos rejected a proposal by ConocoPhillips to charge $95 million for long-term access to roads on the U.S. Alaska Department of Natural Resources Division of Oil & Gas. The Mitqua-1 well, drilled to a 2,472 m TD, encountered both oil and gas. MELBOURNE (Reuters) - Santos Ltd played down on Friday an Alaska road access dispute with ConocoPhillips, saying their feud was not slowing work on the $3 billion Pikka oil project or the Australian gas producer's efforts to sell its stake in it. Australia-listed Oil Search said an assessment showed there were higher chances of drilling more oil from its Pikka project in Alaska than was initially expected, sending its shares up 3.8. OIL SEARCH LIMITED ARBN 055 079 868 ASX: OSH POMSoX: OSH US ADR: OISHY. The oil and gas producer needs to sell a stake in the Pikka oil project on Alaska’s North Slope before a decision due late this year to develop it. plans a sidetrack well following an oil and gas discovery in Pikka East block on the North Slope of Alaska. The oil and gas producer needs to sell a stake in the Pikka oil project on Alaska’s North Slope before a decision due late this year to develop it.
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