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Company News Summary

Oil Search Receives Federal Record of Decision for Alaska Project

23 May 2019  |  11:56:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Record of Decision for Pikka Development Alaska

Oil Search advised that the Company has received the United States Army Corps of Engineers (USACE) permit and Record of Decision (ROD) for the Pikka Development Project on Alaska's North Slope, in accordance with Section 404 of the US Clean Water Act. This approval, which is a critical next step to advancing the proposed development, includes the Company's recommended changes reflecting feedback from permitting agencies and key stakeholders. The planned development is located 52 miles (84km) from Deadhorse, Alaska and at its closest point is seven miles (11km) northeast of the community of Nuiqsut. The permit approved a development scope including the following: Up to three drill sites for the production and injection wells.

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