As of 1 July 2019, Oil Search Ltd., continues looking for a partner for development of the Pikka Unit on the North Slope of Alaska. The Pikka Unit was formed following the discovery of oil across three separate zones in multiple wells drilled over a three-year period by Repsol which included oil discoveries in the Cretaceus age Nanushuk and Kuparuk formations as well as the Jurassic age Alpine Formation.  A data room was set up in the summer of 2018 with several companies expressing interest in farming into the project as of March 2019 the data room remained open.  Oil Search became operator of the project through a farm-in with majority interest holder Armstrong in late 2017 and obtained a majority working interest through a recent transaction through the exercising of an option for additional working interest.  Repsol still holds a large working interest in the unit but has agreed with Oil Search to seek an additional partner to help fund the development of the Unit in an effort to commence production by 2023.
Oil Search Ltd., continues looking for a partner for development of the Pikka Unit on the North Slope of Alaska. The Pikka Unit was formed following the discovery of oil across three separate zones in multiple wells drilled over a three-year period by Repsol which included oil discoveries in the Cretaceus age Nanushuk and Kuparuk formations as well as the Jurassic age Alpine Formation. 