APPROVAL OF THE APPLICATION TO FORM THE PIKKA UNIT 2025

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The document outlines the approval of the application to form the Pikka Unit (PKU) by Repsol E&P USA Inc. in Alaska, detailing the decision made by the Director of the Division of Oil and Gas. It includes a comprehensive analysis of environmental impacts, prior exploration activities, economic benefits, and decision criteria for unit formation. The PKU encompasses approximately 63,304 acres and aims to promote conservation of natural resources while preventing economic waste. The document also specifies requirements for future exploration plans and agreements between involved parties, including the State of Alaska and Arctic Slope Regional Corporation.

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