Spain, May 18 -- Repsol, together with Santos, has reached first oil at Pikka, on Alaska's North Slope in the United States, with oil flow established through the Lease Automated Custody Transfer (LACT) meter into the Pikka oil sales pipeline. Production will increase to reach a production plateau of 80,000 barrels of crude oil per day in the third quarter of the year. First sales revenue is also expected in the third quarter, with the partners alternating shipments of cargoes. Repsol has a 49% stake in the project, while the Australian company Santos owns the remaining 51% and acts as operator. This milestone reinforces Repsol's long-term commitment to energy development in the United States and especially in Alaska, where it has been buil...