Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Rosneft Launches Output on 3rd Sakhalin 1 Field
January 28, 2015 11:55


ww.rosneft.com
Rosneft has launched production at the Arkutun-Dagi field after painstaking preparatory works involving international players amid tough sanctions imposed by an alliance of countries over Russia’s alleged role in the Ukraine crisis.
 
The oil giant began first oil supplies from the Berkut platform. Production output from the field at planned capacity will reach 4.5 million tonnes a year, says Rosneft.
Rosneft owns a 20 percent stake in the project, along with ExxonMobil (30 percent), SODECO (30 percent), and ONGC Videsh Ltd. (20 percent).
 
According to a press release, the works have been carried out “in strict compliance with the approved schedule, determined technological specifications” and “all the industrial and ecological safety” regulations.
 
Rosneft also promised to channel extra tax revenues to the state and regional budgets worth around $9 billion over the next ten years.
“I congratulate the team for the safe and successful development of Sakhalin-1’s third field, Arkutun-Dagi. The start-up of this field will continue to add to the benefits the community is receiving through the development of the Sakhalin-1 project,” ExxonMobil Development Company Vice-President James. K. Flood was quoted as saying.
“The field, located off the northeast coast of Sakhalin Island in the Russian Far East, will bring total daily production at Sakhalin-1 to more than 27 thousand tons The other two fields – Chayvo and Odoptu – began production in 2005 and 2010, respectively,” reads the official statement.
Production from Sakhalin-1’s Arkutun-Dagi field will be routed through the existing Chayvo onshore processing facility on Sakhalin Island and delivered through pipelines to the De-Kastri oil export terminal located in Khabarovsk Krai, Russia.
Arkutun-Dagi field is located about 25 km from the north-eastern shore of the Sakhalin island in the sea of Okhotsk. According to the development simulation model, the existing world's most powerful drilling platform provides for well drilling with horizontal displacement not less than 7 km. As a result, the platform virtually appears as a giant multiple well platform, which allows maximum efficient offshore development.
Sakhalin-1 is the first large-scale shelf project carried out in the Russian Federation on the PSA conditions (executed in 1996).
Rosneft has become the world's leading publicly traded oil producer after it took over BP's Russian venture TNK-BP for $55 billion in March 2013. Rosneft has a vast and high-quality reserve base, with total proved hydrocarbon reserves of 22.8 bln barrels of oil equivalent – among the best indicators for a global publicly traded oil and gas company. Moreover, Rosneft is second-to-none on an international scale in terms of total proved liquid hydrocarbon reserves. The company’s proved reserve-to-production ratio is 25 years.
 
For more news on Rosneft, type it in our search field in the upper right corner. If you need more information, just drop us a line.

  




Author: Mikhail Vesely

Tags: Rosneft Russian oil and gas industry    

Next Previous

You might also find interesting:

Russia to Domesticate Helicopter Engines Production The Financial Times: Russia Experiences Agricultural Boom Russian Hockey Players Are Ready For World Championships Non-office Specialists In Demand Protection From Account Blocking and Fast Customs Clearance: How the Ministry of Economy is Going to Improve the Business Climate









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
visa-free  Russian roads  Smashing Pumpkins  Space Exploration  human rights in Russia  Arkhangelsk region  Russian souvenirs  Russian Cinema  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  parking zone  Russian sanctions   education  Sevastopol  Russian holidays  Market Regulation  Kazan  Chelyabinsk Region  Russian Railways  Vologda  Russian Poets  travel to Russia  Philologists  coronavirus  Labor Camps  Stalingrad Battle  Moscow  Bashkiria  Russian Easter  Long-livers of Russia  buy Russian railways tickets  St. Petersburg  Painting  skiing in Russia  Festivals in Moscow  Motor race  EcoBattle  Novosibirsk Region  organic chemistry  Ulyanovsk Oblast  Russian regions  Must See Places  Boxing  Russian football  Kievian Rus'  Russian shops  the Perm Region  Russian business  Plesetsk cosmodrome  Russian tourism 


Travel Blogs
Top Traveling Sites