Asset report

Pikka Unit

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The Pikka field is located on the Alaska North Slope and is operated by Armstrong Oil & Gas (51% interest) and partner Repsol (49% interest). The field has not yet been sanctioned. It was discovered in 2013 and is in the preliminary stages of permitting. The field holds 500 mmbbl of 30-degree API crude oil. We expect the field to reach first production in 2023. The Pikka field will be the first to produce from the Nanushuk play and is expected to reach first-oil in 2021. The Nanushuk play is thought to be one of the future areas of growth in the North Slope region; however long lead times and slow permitting might delay the play's impact on the North Slope's production.

What's included

This report contains 13 tables, 8 images, and 16 pages

  • Document

    Pikka Unit

    PDF 778.25 KB

  • Document

    Pikka Unit

    XLS 524.00 KB

  • Document

    Pikka Unit

    ZIP 1.19 MB

Why buy this report?

The Alaskan region is known for long lead times and slow progress. However the region's top explorers are competing to delineate the emerging Nanushuk play, injecting some urgency in the process.

With the Pikka field the first expected to produce from the play, use our detailed overview of to help you:

  • Understand project economics and production profile
  • Identify key challenges and project risks in this highly seasonal environment
  • Value the asset against your own assumptions using our upstream asset valuation tool

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
  • Development
  • Infrastructure
    • Capital Expenditure
    • Operating Costs
  • Sales contracts
  • Fiscal and regulatory
    • Cash flow
    • Discount rate and date
    • Inflation rate
    • Oil price
  • Economic analysis

Tables and charts

This report includes 21 images and tables including:


  • Index Map
  • Detail Map
  • Production Profile
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities


  • Key facts: Table 1
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Cash flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Economic analysis: Table 4
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3

Our report provides a comprehensive overview of the Pikka field on the Alaska North Slope. It includes:

  • Detailed project maps and well data
  • Estimation of recoverable oil reserves and overview of field geology, development plans and infrastructure
  • Forecasts for the project's financial data extending over 30 years

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