Company clears early hurdle for Alaska oil project

Source: Associated Press

THE ASSOCIATED PRESS
MAY 26, 2019 10:53 AM, UPDATED 32 MINUTES AGO

ANCHORAGE, ALASKA
A company seeking to develop a large oil project on Alaska's North Slope has won a key federal permit.

Alaska's Energy Desk reported that Papua New Guinea-based Oil Search announced that it had received a permit from the U.S. Army Corps of Engineers for its Pikka development, which is planned west of Prudhoe Bay.

. . .

Oil Search has proposed building up to three drill sites, about 25 miles of roads and about 35 miles of pipelines, a central processing facility, two bridges and an operations center with beds for 200 workers.

Its project is in an area seen as a new hot spot for oil activity on the western North Slope, with ConocoPhillips also pursuing projects in the region.

Read more: https://www.idahostatesman.com/news/business/article230855744.html

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4 replies	Author	Time	Post
Company clears early hurdle for Alaska oil project (Original post)	Judi Lynn	May 2019	OP
A 17.6% interest in the company is held by the government of Papua New Guinea	yaesu	May 2019	#1
May the grizzlies and polar bears have a good lunch. Fight back.	sinkingfeeling	May 2019	#2
tRUMPS opened season	bluestarone	May 2019	#3
Criminals stealing natural resources and devastating the environment	Bayard	May 2019	#4

Response to Judi Lynn (Original post)

Sun May 26, 2019, 01:10 PM

yaesu (5,810 posts)

1. A 17.6% interest in the company is held by the government of Papua New Guinea

as of 2006 it was responsible for 13% of Papua New Guinea's gross domestic product. I believe that there should be a national oil subsidy paid to every US family for oil pumped in any state, like Alaskans get. We are letting corporations, many foreign, steal our national resources without any real compensation.

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Response to yaesu (Reply #1)

Sun May 26, 2019, 01:15 PM

sinkingfeeling (43,878 posts)