https://www.miningweekly.com
Design|Engineering|Pipelines|PROJECT|Resources|Systems|Water|Drilling|Infrastructure|Operations
Design|Engineering|Pipelines|PROJECT|Resources|Systems|Water|Drilling|Infrastructure|Operations
design|engineering|pipelines|project|resources|systems|water|drilling|infrastructure|operations

Oil Search starts FEED in Alaska

22nd February 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Oil Search has announced front-end engineering design (FEED) for Phase 1 of its Pikka project, in Alaska.

The Phase 1 project would include a single drill site and an 80 000 bbl/d production facility, where first oil is planned for 2025.

The Phase 1 project is expected to cost some $3-billion and will produce oil at a break-even cost of supply of less than $40/bl Brent inclusive of a 10% return.

Oil Search said on Monday that the FEED would consist of finalising the design scope, execution plan, budget and schedule for the Phase 1 project, ensuring the design supports optimal expansion to deliver value from the Nanushuk reservoirs.

The FEED will progress engineering and design for the production facility, infrastructure for the single initial drill site, pipelines and operations pad infrastructure, and would deliver on key drilling milestones, including final well designs and drilling processes and systems.

During FEED, Oil Search will also begin detailed engineering and procurement for the seawater treatment plant, which will provide high quality water to support the Pikka project reservoir waterflood.

“This is an exciting time for Oil Search, our working interest partner and for the people of Alaska. This is a key milestone towards realising material value from our Alaska assets and creating long-term benefits for the North Slope community and jobs for Alaskans,” said Oil Search MD Keiran Wulff.

“With an 80 000 bbl/d capacity, Phase 1 of the Pikka project will provide a revenue stream to help support further Alaskan development. With confirmed 2C resources in Alaska of nearly a billion barrels of oil and further opportunity, we are exceedingly optimistic about Oil Search's future in Alaska.”

Edited by Creamer Media Reporter

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.11 0.144s - 110pq - 2rq
Subscribe Now