Investor Presentaiton
2023 Alaska Investor Trip
Pikka Phase 1 Carbon Management
Avoid
Low GHG intensity by design
⚫ Pikka Phase 1 is designed for top quartile low
carbon intensity within global O&G GHG
performance
- 14tCO2e/mboe at 53% lower than average
conventional onshore developments
Minimized emission design
-
O Central power generation, waste heat recovery
units for turbines to reduce heat needs, and
highest EPA standards for rig emissions.
⚫ Pikka Phase 1 is a 'project footprint only'
development.
Pikka is not a "frontier" development, rather it is
adding production to a mature, stable and well-
regulated operating area.
Pikka crude oil can be delivered from a 'tie in'
point adjacent to infrastructure to market with
minimal footprint
100
90
80
70
60
tCO2e/kboe
50
40
30
20
20
10
Pikka GHG
Intensity
0
Sources: Wood Mackenzie Emissions Benchmarking Tool, January 2022; (Re) Positioning for the Future, Wood Mackenzie, November 2019
Santos
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