In February, it flagged that the project would be ready for a final investment decision by mid-year. Santos is the operator of the Pikka oil project on Alaska's North Slope, acquired during its takeover of Oil Search last year. The dispute could also delay Santos's planned sale of its majority stake in the project, which could thwart its target of raising $2 billion to $3 billion from asset sales in 2022.ĬonocoPhillips, the largest oil producer in Alaska, is seen as a potential buyer of that stake.