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APA Hits Oil Discovery on Alaskan North Slope

“Pipeline installation is progressing well and set to be completed in two winter seasons, putting us in a good position to pursue acceleration to first oil around the end of 2025”, said Bruce Dingeman, Santos president for Alaska. “This will be dependent on logistics and weather allowing for the mobilization of key production models by barge up the Hay River. Until we have more certainty, guidance remains unchanged with first oil in mid-2026”.