(Il Sole 24 Ore Radiocor) - Milano, 18 mag - The Spanish energy group Repsol said that it and its Australian partner Santos have started oil production at Pikka in the US state of Alaska.

The project is expected to reach a production plateau of 80,000 gross barrels of oil per day in the third quarter. The first sales revenue is also expected in the third quarter, with the partners alternating shipments of cargoes.

Repsol noted that the project is its first to enter production in the North Slope area, where it led the discovery of the Nanushuk formation.

Repsol has a 49% stake in the project and Santos, which acts.

as operator, the remaining 51%.

(RADIOCOR) 18-05-26 13:08:51 (0271) 5 NNNN