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Sakhalin-1 operator to drill world’s biggest oil well

Sakhalin-1 operator company, Exxon Neftegas Limited, plans to drill a 14-kilometer-deep oil well at the Chaivo deposit in Sakhalin. A statement to this effect was made by the company’s President James Taylor at an international conference on oil and gas projects in Sakhalin.

The Sakhalin-1 Project stipulates the development of oilfields whose reserves are estimated at 300 million tons of oil and nearly 500 billion cubic meters of gas.

Other participants in the project include Russia’s Rosneft, India’s ONGC and Japan’s Sodeco.

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