U.S. Senators Lisa Murkowski and Dan Sullivan (both R-Alaska) released the following statements today welcoming Santos’ announcement that he has approved a $2.6 billion investment for Phase 1 of his project Pikka on the North Slope of Alaska.
“This is great news for Alaska that will strengthen our economy for a long time to come,” he added. Murkowski said. “The Pikka Project will help recharge the Trans-Alaska Pipeline System while creating good jobs for Alaskans and strengthening our nation’s energy security. I appreciate the approach that Santos and its partner, Repsol, have taken to move this project forward, their close collaboration with local entities and communities, and their commitment to producing this resource with net zero emissions from the project itself. .
“It’s exciting to see this project, which has been ongoing since I became commissioner of the Alaska Department of Natural Resources, finally come to fruition,” he added. said Sullivan. “Today’s announcement is great news for energy security, national security, and economic and community development, including thousands of jobs for Alaskans, in our state where we have the highest environmental standards. raised in the world.”
The Pikka project is expected to produce 80,000 barrels of oil per day by 2026. Santos owns 51% of the project and Repsol has a 49% stake. Pikka will create approximately 2,600 construction jobs and 500 permanent jobs, reinforcing the companies’ strong commitment to Alaska. Currently, approximately 98% of the employees of Santos’ US subsidiary, Oil Search Alaska, live in Alaska.