US: Oil Search plans selldown as Pikka Project enters FEED
23 Feb 2021
FEED entry for Phase 1 of the Pikka project on Alaska s North Slope. Phase 1 will include a single drill site and a production facility with 80,000 barrels of oil per day (bopd) capacity. This is an exciting and critical step toward delivering production and revenue from Oil Search’s Alaska assets.
Phase 1 FEED scope focused on delivering 80,000 bopd starting in 2025
Front-end engineering and design (FEED) will consist of finalising the design scope, execution plan, budget and schedule, and will reduce project risk, ensuring the design supports optimal expansion to deliver full value from the giant Nanushuk reservoirs. Specifically, FEED will progress engineering and design for the production facility, infrastructure for a single initial drillsite (Nanushuk Drill Site B, or NDB), pipelines, and operations pad infrastructure including camps. FEED will also deliver key drilling milestones including final desig