![]() ![]() ![]() Planning has commenced for what is expected to be a busy winter season in 2019/2020. Evaluation of opportunities to optimise the development, including potential facilities sharing, remain ongoing and will drive final project decisions and ensure the delivery of the strongest possible development. #OIL SEARCH PIKKA UPGRADE#As previously announced, the early results reinforce our expectations of a likely material upgrade in contingent oil resources and that the development will, at a minimum, meet the Company’s development plan assumptions of delivering 120,000 barrels of oil per day. Combined with the positive initial results of the recent drilling programme, the ROD will allow us to enter the front-end engineering and design (FEED) phase of the project, which is targeted for the third quarter of 2019.Ī thorough analysis is underway on the data collected from our successful 2018/19 appraisal programme. “The Record of Decision (ROD) is a key milestone for the Pikka Development Project. The process, which also involved the development and issuance of the Environmental Impact Statement, included public comment periods and solicitation of feedback from other Federal as well as State and local agencies, helping to ensure the project is well planned, environmentally responsible and addresses issues and concerns of all key stakeholders.Ĭommenting on the ROD, Peter Botten, Oil Search’s Managing Director, said: The USACE ROD represents the conclusion of a four-year analysis of the potential effects of the proposed Pikka Development on the environment, economics, land use, floodplain values and the needs and welfare of the local people. Approximately 35 miles (48 kilometres) of pipelines.Approximately 25 miles (40 kilometres) of roads. #OIL SEARCH PIKKA PLUS#
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