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Top News In எண்ணெய் தேடல் அலாஸ்கா Today - Breaking & Trending Today

US: Oil Search plans selldown as Pikka Project enters FEED


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 includ ....

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Oil patch insider: Borealis assigns numerous ORRIs;may have sold E. North Slope block - February 21, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
Oil patch insider: Borealis assigns numerous ORRIs;
may have sold E. North Slope block
Kay Cashman
Petroleum News
In the latest monthly lease report posted by Alaska’s Division of Oil and Gas, 23 pages are devoted to Borealis Alaska Oil’s over-riding royalty interest assignments. More ORRI assignments are expected from the company, a re-brand of Nordaq Energy, as well as working interest assignments to a rumored buyer of the company’s eastern North Slope leases - Balcony Natural Resources, which per Alaska Department of Commerce filings looks to be newly formed and 100% owned by Kerry Smith, who heads up Oleum Partners LLC of Dallas, Texas. ....

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Oil Search gets STP conditional easement - January 03, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
Oil Search gets STP conditional easement
State of Alaska issues conditional easement to build a seawater treatment plant supporting the North Slope Pikka unit development
Kay Cashman
Petroleum News
On Dec. 18 the Alaska Department of Natural Resources’ Division of Oil and Gas approved a “conditional private exclusive easement” for Oil Search Alaska to build a seawater treatment plant “in support of the Pikka development project” on state tidelands adjacent to Oliktok Point west of the central..
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To be built off-site ....

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State of Alaska approves Oil Search's Pikka development plan - January 03, 2021


Providing coverage of Alaska and northern Canada s oil and gas industry
State of Alaska approves Oil Search’s Pikka development plan
Kay Cashman
Petroleum News
On Dec. 22, the Alaska Department of Natural Resources’ Division of Oil and Gas notified Oil Search Alaska that it has approved the company’s 2021 Pikka unit plan of development.
Pikka, a 77,744-acre unit west of the central North Slope, is expected to begin phase one oil production in 2025, quickly..
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Conveyor belt of prospects - December 20, 2020


Providing coverage of Alaska and northern Canada s oil and gas industry
Conveyor belt of prospects
Kay Cashman
Petroleum News
Earlier this month Oil Search Alaska COO Matt Elmer said Alaska offers his company a “conveyor belt of opportunities” from west to east across the North Slope. The third largest leaseholder in the state, Oil Search drilled four new wells in the two and a half years since it became a North Slope operator, increasing its contingent oil reserves from approximately 500 million to 1 billion barrels.
“Pikka’s just the start. We have a number of opportunities to develop after Pikka” from the western to the eastern North Slope, Elmer said in his early December presentation to a virtual meeting of the Resource Development Council in Anchorage. ....

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