- Plateau production of 80,000 barrels per day targeted in Q3; first sales and alternating cargo shipments expected then.
- Ownership: Repsol 49% and Santos 51% (Santos operator).
- Phase 1 drilled 28 wells; full development will include 45 wells, seawater treatment, remote operations center and pipelines, delivering roughly 19% of Alaska's current oil output at plateau.
Production start
Repsol and Santos have achieved first oil at the Pikka project on Alaska's North Slope, with oil flow established through the Lease Automated Custody Transfer (LACT) meter into the Pikka oil sales pipeline.
Schedule and volumes
Production is planned to ramp to a plateau of 80,000 barrels per day in the third quarter, with first sales revenue and alternating cargo shipments expected in that quarter.
Ownership and operation
Project ownership is split 49% to Repsol and 51% to Santos, which is the operator.
Field development
Phase 1 has drilled 28 development wells; full-field plans comprise 45 wells from a single well pad, a seawater treatment plant, a remote operations center and pipelines tying into existing infrastructure; plateau output equals roughly 19% of Alaska's current oil production.
Exploration activity and lease position
Repsol has drilled 20 exploration and appraisal wells on the North Slope since 2011, including the Mitquq discovery at Quokka and the Stirrup discovery at Horseshoe; Quokka 1 appraisal well completed in April identified a high-quality reservoir. Repsol was the highest bidder for 45 statewide blocks last November and was awarded 42 federal blocks in March to support further development.
