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Alaska’s next big North Slope oil project is mired in a feud with ConocoPhillips, and reportedly for sale
- Thread starter Emily
- Start date
sharon sanders
Editor-in-Chief & President
bump this
Emily
Editor, Senior Moderator
https://kfgo.com/2022/04/21/santos-says-conocophillips-road-dispute-not-slowing-alaska-oil-project/
Santos says ConocoPhillips road dispute not slowing Alaska oil project
Fargo, ND, USA / The Mighty 790 KFGO | KFGO
Thomson Reuters
Apr 21, 2022 | 11:11 PM
MELBOURNE (Reuters) – Santos Ltd played down on Friday an Alaska road access dispute with ConocoPhillips, saying their feud was not slowing work on the $3 billion Pikka oil project or the Australian gas producer’s efforts to sell its stake in it.
Santos rejected a proposal by ConocoPhillips to charge $95 million for long-term access to roads on the U.S. oil and gas producer’s Kuparuk River Unit (KRU) oil fields, next to the Pikka project run by Oil Search, which Santos acquired last year.
...
While the company expects the Pikka project to be ready for a final investment decision by mid-year, it is also trying to sell its 51% stake in the project, as it looks to raise up to $3 billion from asset sales this year...
Santos says ConocoPhillips road dispute not slowing Alaska oil project
Fargo, ND, USA / The Mighty 790 KFGO | KFGO
Thomson Reuters
Apr 21, 2022 | 11:11 PM
MELBOURNE (Reuters) – Santos Ltd played down on Friday an Alaska road access dispute with ConocoPhillips, saying their feud was not slowing work on the $3 billion Pikka oil project or the Australian gas producer’s efforts to sell its stake in it.
Santos rejected a proposal by ConocoPhillips to charge $95 million for long-term access to roads on the U.S. oil and gas producer’s Kuparuk River Unit (KRU) oil fields, next to the Pikka project run by Oil Search, which Santos acquired last year.
...
While the company expects the Pikka project to be ready for a final investment decision by mid-year, it is also trying to sell its 51% stake in the project, as it looks to raise up to $3 billion from asset sales this year...