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Santos Ships First Crude Cargo From Alaska Project

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Santos (ASX:STO) dispatched the first 450,000-barrel cargo of Alaska North Slope crude from its Pikka phase one development, loaded aboard the Polar Resolution at the Valdez Marine Terminal for delivery to US West Coast refineries, according to a Tuesday filing with the Australian bourse.

Pikka phase one is currently producing around 23,000 barrels per day and is expected to reach its plateau production of about 80,000 barrels per day in the third quarter, per the filing.

The company operates the project with a 51% interest, while Repsol owns the remaining 49%, the filing added.

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