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Sakhalin-3 prospecting gets under way

Participants of the Rosneft-led Sakhalin-3 project started to drill a first prospecting well on August 5, Rosneft's subsidiary CJSC Sakhalin Projects said in statement. The project participants are Rosneft (49.8 percent), Sinopec (25.1 percent) and Sakhalin Oil Company (25.1 percent). A member of the Sinopec group is using a Kantan-3 rig to drill the projected 3,225-meter well 50 kilometres out to sea at the South Ayash structure of the Veninsky section. The Venineft limited liability company holds the license to study the Veninsky section until 2008 and is project operator.

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