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Santos' Future in Alaska is Just Beginning Featured

Jun 09 2024 Be the first to comment!

This summer, Santos relocated to the massively renovated old Key Bank building on 6th Avenue. It has been over a decade since a new major corporate office has moved into downtown Anchorage. Advocates say Santos’ move is a shot in the arm for the city’s core business district and the first major step in its revitalization. The new office will support the development of Santos' world class Pikka project and beyond.

Today, the Santos Alaska team has about 350 full time staff and at the peak of its first major winter construction season the company had more than 2000 contractors working on the North Slope. Talent from the Energy Alumni membership include ARCO Alumni Bruce Dingeman, Andy Bond, Dan Eck, Patrick Flood, Mark Ireland and Lee Moritz. BP Alaska staff include Cindy Bailey, Brennen Chamberlain, Sherri Gould, Kim Hart, Lisa Houghton, Phillip Hunt, Sondra Jones, Katria Kangas, Pete Laliberte, Wanda Lewis, Amy Mackenzie, Tony Parkin, Sterling Rearden, Lea Souliotis, Rebecca Viste and Sasha Zamoruev; and Colleen Glover, formerly Alyeska Pipeline.

Today, the Santos Alaska team has about 350 full time staff and at the peak of its first major winter construction season the company had more than 2000 contractors working on the North Slope

Bruce Dingeman joined Oil Search in October 2018 as the COO of Alaska operations. In January 2020, Bruce was named President of Oil Search Alaska and in 2021, when Santos acquired the company, Bruce became Santos’ Executive Vice President and Alaska President. In August 2022, the Santos announced a final investment decision on Pikka Phase 1 committing $2.6 billion (gross). Santos’ partner, Repsol holds a 49% working interest in the project.

“We’re laser focused on safely delivering our Pikka Phase 1 project which will add 80,000 bopd (nameplate) down the Trans Alaska Pipeline. Once online, Pikka Phase 1 will deliver compelling economic returns which will enable further expansion and enhancement of our position in Alaska. In fact, we already have a team planning for Pikka Phase 2,” explained Bruce.

It's clear that Santos’ future in Alaska is just beginning. When Pikka is fully sanctioned to include it second phase, it’s expected to add 160,000 bopd to TAPS. Beyond Pikka, the company has promising expansion options in Quokka (east of the Pikka unit) and Horseshoe (south of the Pikka unit).

The Nanushuk play in the Pikka Unit represents one of the largest conventional oil discoveries made in the United States in the last 30 years, and the Pikka Phase 1 project is one of the most significant developments on Alaska’s North Slope in more than 20 years.

Located near existing infrastructure west of Kuparuk, Pikka has low emission intensity, placing it in the top quartile of oil and gas development projects globally for greenhouse gas emissions performance. This is important to Santos’ goals of delivering a net-zero project (equity share) from first oil. The company has also entered into memorandums of understanding with Alaska Native Corporations to deliver carbon offset projects, including a Strategic Alliance with ASRC Energy Services on leading technology development for carbon solutions in the Arctic.

Alaska energy alumni have helped give Santos a bright future in Alaska

Santos is committed to performing with the highest standards in partnership with Kuukpik Corporation (village corporation for Nuiqsut) in developing this resource. Through a land use agreement Santos committed to subsistence preservation and transparency on planned activities to minimize impacts. There are also provisions for employment, training and business development as well as other long-term benefits focusing on sustainable support of Nuiqsut.

The company completed three major community projects totalling about $59 million. The projects included upgrading the village wastewater treatment facility, a new bridge to restore natural stream hydrology and a new boat launch which will provide Nuiqsut residents access to the road system on the east side of the Colville River.

Although Santos is relatively new to Alaska, the company has a vast amount of Alaska experience in its workforce which created a strong foundation for the company’s early success. Alaska energy alumni have helped give Santos a bright future in Alaska for the next generation of responsible development on the North Slope.

It's clear that Santos’ future in Alaska is just beginning 

 







 

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