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Environmentalists are again sounding alarm over the future of the unique population of the Western Pacific gray whales.
This time, Exxon Neftegaz Limited (ENL), a participant in oil projects on Sakhalin, is laying a pipeline via the Piltun Bay, a key feeding area for the gray whales.
Any negative impact on this area during […]
The production of oil and gas increased 2.5 times in Sakhalin in 2007 as against 2006. In 2007, 14.853 million tonnes of oil (6.162 million tonnes in 2006) and 6.409 billion cubic metres of gas (2.186 billion cubic metres in 2006) were produced. This was reported at a meeting of the administration of the Sakhalin […]
The Sakhalin project in far-eastern Russia is one of OVL’s successful overseas ventures.
THE ONGC Videsh Limited (OVL), a subsidiary whose primary business is to bid for oil and gas acreages abroad and produce hydrocarbons, is going places. According to R.S. Butola, Managing Director, OVL, the company contributes 8 million tonnes of oil and oil-equivalent gas, which he says, is “quite significant from the overall perspective, considering that the country’s total production is 50 million tonnes of oil and oil-equivalent gas”. He gave another piece of statistics to prove its excellent performance: “In 2003, we were in seven countries. In 2008, we are in 17 countries in 35 projects and 50 blocks.”
The production of oil and gas increased 2.5 times in Sakhalin in 2007 as against 2006. In 2007, 14.853 million tonnes of oil (6.162 million tonnes in 2006) and 6.409 billion cubic metres of gas (2.186 billion cubic metres in 2006) were produced. This was reported at a meeting of the administration of the Sakhalin Region that considered the results of socio-economic development of Sakhalin and the Kuriles.
The growth of oil and gas production is caused by the project Sakhalin-1’s reaching its full capacity. Its operator, the US company Exxon Neftegaz Ltd, extracted one million tonnes of oil in the Chaivo oil field in the Sea of Okhotsk a month.
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