Santos, as operator of the Pikka Unit joint venture, has 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 first oil anticipated in 2026.
- Santos announces Pikka FID and net-zero euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
A massive new oil drilling project could soon destroy sensitive Arctic ecosystems while making climate change worse. Call on President Biden to honor his word by rejecting this misguided proposal and take action on the climate crisis.