WebNov 3, 2024 · The Pikka Unit, part of the Nanushuk play, extends from the Beaufort Sea to roughly 20 miles inland. Repsol said in March that it owns a 49% working interest in Pikka, with Armstrong holding 51% and serving as operator. In early October, Repsol and Armstrong’s Nanushuk development plans were made public by the U.S. Army Corps of … WebThat much oil represents a 25% increase in flow through the 800-mile trans-Alaska pipeline system. Pikka Phase 1 involves a single drill site; subsequent phases are expected to add two more drill sites and increase output to a maximum of 160,000 bpd. ... In regard to Pikka and the company’s assets in Alaska, in an interview with Energy ...
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WebSep 14, 2024 · Oil Search bought into Pikka in the fall of 2024, when it agreed to an $850 million deal with then-operator Armstrong Energy and a silent minority owner to take a 51 percent stake in the project over two payment tranches. ... “The combined entity will have the capacity to deliver on an exciting pipeline of organic growth opportunities,” Oil ... WebMay 24, 2024 · In 2024 Oil Search exercised its $450 million option to buy out Armstrong and GMT Exploration, giving the company a 51 percent interest in the Pikka Unit alongside its Spanish-based partner Repsol, which holds a 49 percent interest. Now, it’s resumed efforts to divest itself of a 15 percent interest in the development, either solely or in ... pink vanilla kiss fantasy perfume
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WebPikka pipeline details Must satisfy RCA You must be logged in to view this story. Please either log in or subscribe. Click here to subscribe to Petroleum News for as low as $89 … WebAug 18, 2024 · “The Pikka project will help refill the Trans Alaska Pipeline System while creating good jobs for Alaskans and bolstering our nation’s energy security,” she says. … WebNov 23, 2024 · When the Pikka unit changed hands in 2024 from Colorado-based Armstrong Energy to Papua New Guinea-based Oil Search, just three employees in … pink vanilla cupcake