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| About site: Energy and Environment/Oil and Gas/Offshore - Sakhalin 1 Project |
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| About site: http://www.sakhalin1.com/ |
Title: Energy and Environment/Oil and Gas/Offshore - Sakhalin 1 Project Planned development of oil and gas on the northeast shelf of Sakhalin Island, offshore eastern Russia. The project area is comprised of the Chayvo, Odoptu and Arkutun-Dagi fields and is operated by Ex
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Sakhalin-1 Project Web Site
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Project Information
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Sakhalin-1 Book
The Sakhalin-1 Project is an oil and gas development on the northeast shelf of Sakhalin Island. It was declared commercial in October, 2001. The Project area is comprised of the Chayvo, Odoptu and Arkutun-Dagi fields. Total recoverable reserves are estimated to be 2.3 billion barrels of oil (307 million tons) and 17.1 trillion cubic feet of natural gas (485 billion cubic meters). (Project Overview)
Press Releases & Project News
2 Oct 2008: SAKHALIN-1 PROJECT CONTINUES TO ACHIEVE MILESTONES
2 Oct 2008: Sakhalin-1 Project Benefits to Russia, the Sakhalin Oblast, and its People October 2008
7 Feb 2008: SAKHALIN-1 CONSORTIUM ANNOUNCES DRILLING OF WORLD'S LONGEST EXTENDED-REACH WELL - SAKHALIN-1 PROJECT BREAKS ITS 2007 WORLD DRILLING RECORD
View All News Items
Exxon Neftegas Limited, an affiliate of Exxon Mobil Corporation, is the operator of the Sakhalin-1 Project. Other participants in the Sakhalin-1 Consortium are: two Russian companies, Sakhalinmorneftegas-Shelf and RN-Astra; the Japanese company Sakhalin Oil and Gas Development Co., Ltd.; and India's ONGC Videsh Ltd.
The Sakhalin-1 Project is one of the most ambitious, world-scale projects developed by international oil and gas industry to date, and represents one of the largest single foreign direct investments in Russia. Project benefits to Russia include direct revenues to the Russian state estimated at over US$ 50 billion over the life of the Project, major infrastructure improvements, technology transfer, the employment of Russian citizens, and the use of Russian suppliers for contracts and procurement. Commercial development brings with it a contribution of US$ 100 million to the Sakhalin Development Fund over a five-year period. The Project also brings production bonuses of US$ 60 million. The Russian content of contracts awarded to date for the Sakhalin-1 Project is over US$ 5 billion, or about two-thirds of the total.
The Sakhalin-1 Project has been recognized for its notable industry leading accomplishments, and serves as an example of a successful joint national/foreign investment in Russia. These achievements include the on-schedule commencement of first production, timely completion of the export pipeline and terminal and the start-up of the crude export operations, commissioning of the Onshore Processing Facility ahead of schedule, successful ramp-up of production to design levels of 250,000 barrels (34,000 metric tons) of oil per day and the drilling of record-breaking extended reach drilling (ERD) wells. The Project now supplies crude to international markets and natural gas to the Russian Far East to the greater benefit of the Sakhalin-1 Consortium and the Russian state.
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Planned | development | of | oil | and | gas | on | the | northeast | shelf | of | Sakhalin | Island, | offshore | eastern | Russia. | The | project | area | is | comprised | of | the | Chayvo, | Odoptu | and | Arkutun-Dagi | fields | and | is | operated | by | Ex |
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http://www.sakhalin1.com/
Sakhalin 1 Project 2008 October
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Planned development of oil and gas on the northeast shelf of Sakhalin Island, offshore eastern Russia. The project area is comprised of the Chayvo, Odoptu and Arkutun-Dagi fields and is operated by Ex
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