Pikka Phase 1 drill, completion time down to 30 days per well
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Kay Cashman Petroleum News
On Feb. 18 Santos released an update on its Pikka Phase 1 project on Alaska's North Slope.
Santos Managing Director and Chief Executive Officer Kevin Gallagher said, "another strong cash flow year from the long-life gas assets in our base business has enabled the company to deliver returns to shareholders and invest in our Barossa and Pikka development projects that will bring new production online this year and next."
"We continue to see strong progress at our Pikka Phase 1 project in Alaska. The remainder of the pipeline is expected to be installed in this winter season, a year ahead of schedule. Sixteen of 26 wells are now drilled and completed, and we have significantly improved drilling performance with a 25% improvement in drill time over the last few months, down to 30 days per well."
First oil for Pikka Phase 1, Gallagher said, "remains on track for mid-2026 with an early start-up possible but subject to weather and logistics."
Company officials have mentioned possible start-up of Pikka Phase 1 as early as the end of this year.
--KAY CASHMAN
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