Work Smarter, Not Harder. Our Commercial Purchase Card program has an intuitive expense management tool making it easy for employees to submit expense reports, photos of receipts and notes for each transaction right from their phone. Call us today at (907) 562-0062 to speak to a member of our Treasury Management team about simplifying your credit card reconciliation. ACHIEVE MORE OUR BUSINESS IS TO HELP YOUR BUSINESS www.AlaskaAlliance.com 13 4,000 workers on job for Santos, ConocoPhillips A busy North Slope construction season is underway this winter as companies and contractors are building ConocoPhillips’ Willow project and Santos’ Pikka field. Santos is aiming to begin Pikka in production at the end of 2025, several months earlier than the original forecast of mid-2026. That will provide a nice boost for North Slope production and state oil revenues. Pikka is expected to peak at 80,000 barrels per day in its first phase. North Slope fields are now producing just under half a million barrels per day. ConocoPhillips is meanwhile in its third construction season for Willow, a $7.5 billion project which is slated to be completed in 2029 and produce 180,000 barrels per day at its peak. This winter, Santos is working with more than 40 Alliance members on Pikka, which involves a $3 billion investment for Santos and its partner Repsol. “The project is full-steam ahead with pipelaying and making great progress early in their 2024 and 2025 winter construction season,” said company spokesman Steve Wackowski. Santos is also focused on local hiring. During his speech to the Alaska Oil and Gas Association (AOGA) conference last summer, company CEO Kevin Gallagher said, “We deliberately focused on recruiting Alaskans to join our team. Over 80% of our team were already residents when they came on board and more than 95% of the company’s North America employees live in Alaska.” Santos recently commissioned its main camp on the Nanushuk Operating Pad, where the first meal was served in December. The camp is already full and Santos expects more than 2,000 contractors to rotate through it this season. ConocoPhillips is busy, too. “The third Willow construction season commenced as planned in late November with ice road construction. We anticipate more than 2,000 workers on the North Slope this season for construction activities including ice and gravel roads, bridges, pipelines and infrastructure at the Willow Operations Center,” said ConocoPhillips spokesperson Rebecca Boys. Santos, working through its Alaska operating company Oil Search, drilled and completed 10 wells during 2024 for the Pikka field phase one. That was two more than six to eight the company had committed to for the year in its annual Plan of Development Report to the state Division and Oil and Gas. The wells are now awaiting connections to the Nanushuk Processing Facility to allow a production start in early 2026. Oil Search/Santos also installed 5,000 Vertical Support Members to support in-field pipelines as well as 40 miles plus of pipelines. The company’s 2025 Plan of Development commits to another CONTINUED on PAGE 14
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