May 18 2026 saw Santos announce first oil from their Pikka project on Alaska's North Slope. One of their tier 1 assets, as per recent investor day briefing, this is a significant milestone for the Australian company. The Pikka project targets the Nanushuk Formation - a Lower Cretaceous (Albian-Cenomanian) shallow marine to non-marine succession that overlies the Torok Formation (Alaska Department of Natural Resources, 2017). The Nanushuk represents a major clinoformal succession that filled the western Colville foreland basin by prograding west to east, along the basin axis (Alaska Department of Natural Resources, 2017).
SANTOS
