EventRepsol has begun production at the multibillion‑dollar Pikka field on Alaska’s North Slope and plans to invest $1.5 billion over the next three to four years to expand output from 80,000 to 120,000 barrels per day. The company and partner Shell hold 241,000 federal acres in the National Petroleum Reserve–Alaska, while environmental groups sue to slow development.
Repsol has begun producing oil from its new Pikka field on Alaska’s North Slope and plans a $1.5 billion investment over the next few years to expand production and acquire additional federal leases, signaling a significant Arctic oil push.
Repsol’s chief executive Josu Jon Imaz announced a $1.5 billion investment plan and new production at the Pikka field on Alaska’s North Slope, following the company’s acquisition of 241,000 acres of federal leases in the National Petroleum Reserve. The move signals a key boost to the region’s oil output amid renewed U.S. policy support.
Repsol has begun production at the Pikka field on Alaska’s North Slope and plans to invest $1.5 billion over the next few years, expanding its leases and partnership with Shell in the National Petroleum Reserve–Alaska.
