Oil Search is also working to strengthen relationships and build new ones in the area. Infrastructure sharing, considering the assets’ proximity to others, is among the topics of discussion.
On the call with analysts, James Byrne of Citigroup, asked about the possibility of unitization. “If there was a continuation of that reservoir across licenses what are some of the commercial outcomes with those adjacent licenses? Could there be unitization for example?”
Botten said unitization is not typically done on the North Slope; however, “clearly cooperation is and we are having, I think, very productive discussions with ConocoPhillips around not just how we would look at developing the field but also the use of what may be common infrastructure and cooperation about how the fields will be potentially developed.”
https://www.hartenergy.com/exclusives/oil-search-hikes-oil-potential-alaskan-oil-discovery-31382
