Search. The amended plan calls for some changes to the layout and size of the project’s three drill sites near the Colville River delta and moving the tie-in pad that will connect to ConocoPhillips’ Kuparuk River Unit that will link the project’s pipelines to the rest of Slope oil infrastructure at a site that won’t interfere with existing operations. The Stirrup 1 exploration well, located approximately 12 kilometres west of the 2017 Horseshoe discovery well and 35 kilometres southwest of the proposed Pikka Unit development infrastructure, encountered an oil column with net pay of 23 metres (75 feet). Keiran Wulff has more than thirty years' experience in the international oil and gas industry and originally joined Oil Search in 1993 and left in 2008. estimated Nanushuk could hold 1.2 billion barrels of recoverable The company developing one of the largest oil prospects on the North Slope has applied with state regulators to change its plans and start producing oil a year early. Bruce Dingeman has more than 35 years of international experience in the oil and gas industry. To begin production at the planned expansion by 2024, Oil Search’s partners need to give the go-ahead next year on the two projects. Alaska leaders for Australia-based Oil Search had previously pegged late 2023 for startup of its Nanushuk oil project, which will require nearly $5 billion of investment and could produce upwards of 120,000 barrels of oil per day at its peak. Founded 1976. ownership of their shared Alaskan assets. When its own Nanushuk Processing Facility is operational in 2023 or 2024, Oil Search will shift from sending unprocessed liquids to the Kuparuk facilities to sending sales-quality oil through them for shipment down the Trans-Alaska Pipeline System. Please read through the topics below to find an answer. Oil Search (Alaska) LLC Help. According to the plan modification document, Oil Search hopes to initially transport liquids produced from drill site B to the Kuparuk Central Processing Facility-2 via pipelines that will pass through the Nanushuk Processing Facility site while it is being constructed. Contact Us. During this time he was Chief Operating Officer and held key exploration and new business roles in Port Moresby, Dubai and Sydney. We now have a strong understanding of the geology and potential productivity of the prolific Nanushuk play that underlies our portfolio of leases on the North Slope, which could add substantial resource and value to the Pikka Unit Development. Despite a steep learning curve, it plans to start producing as early as 2022 to help meet a target of doubling its annual output to around 60 million barrels of oil equivalent by 2025. JOB DESCRIPTION / COMPANY INFO. Oil Search said it expects to soon increase its current resource (Photo/Michael Dinneen/For the Journal), Oil Search hits target in two wells but slows Nanushuk development. Oil Search produces oil and natural gas from fields it operates in Papua New Guinea; the company does not yet have any production in Alaska. In addition, the discoveries support the potential for material resource growth in the Company's leases. The Mitquq-1 and Stirrup-1 exploration wells both hit oil and had flow rates better than expected, according to Oil Search’s first quarter earnings report. (XOM) big liquefied natural gas operation in the country, in which “It only makes the company much stronger,” he said. We also discovered high quality oil in a deeper reservoir at Mitquq which was not tested. maximizing the value of the assets. Leon sits on a number of prominent PNG Boards across not-for-profit, commercial and government sectors and currently serves as the Commissioner of the PNG Sports Foundation. Repsol and Oil Search's base plan would see the pair develop The company is planning to start production a year sooner than expected according to plans submitted to the Alaska Division of Oil … Bart was a member of Shell’s Global Technology Board and the Upstream Global Technical Leadership team. The company reached a deal with Armstrong Energy in October 2017 to buy into Pikka and take over as the project operator for $400 million. In Alaska, Oil Search has spent $850 million buying a 51% stake in the Pikka prospect on the assumption it holds 500 million barrels of recoverable oil. , is turning for growth to the other side of the world in Alaska's frozen wilderness. In addition, the winter season early civil works program, which has included the construction of ice and gravel roads, gravel pads and a bridge, is expected to be completed shortly, with all crews, equipment and support infrastructure to be demobilised by the end of April. Oil Search plans to sell part of its Alaskan portfolio ahead of The Mitquq and Stirrup exploration wells, drilled on state leases outside of the Pikka Unit, provided Oil Search with additional geologic and well productivity data from the Nanushuk oil play that will help support future development, according to the report. On test, the well flowed at a stabilised rate of 1,730 barrels of oil per day (bopd) from a single stimulated zone.
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