Corps issues permit for Nikaitchuq work
Last hold-ups for Kerr-McGee’s North Slope project are tidelands lease access, processing agreement with Conoco, royalty relief
By Kay Cashman
The U.S. Army Corps of Engineers has issued the permit for development of Kerr-McGee’s Nikaitchuq oil and gas project in the shallow waters of the Beaufort Sea off Alaska’s North Slope.
The permit, POA-2005,1243, is for five years, involves three production islands and a pad onshore at Oliktok Poin....
[additional news subjects in this story]
60,000 barrels per day
Waiting on royalty relief
Deal with ConocoPhillips holding up project
Lawsuit possible, says ConocoPhillips
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