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Archive for February 15th, 2007

Russia to Earn Over $50bn on Sakhalin-1

More than $50 billion will go to the budget of Russia in the course of the Sakhalin-1 execution, news service of Exxon Neftegas Ltd. forecasted. As much as $100 million will be contributed to Sakhalin Development Fund during five years of producing from Chaivo field of the Sea of Okhotsk.
In addition to the promising forecast, [...]

Thursday, February 15th, 2007

Tender on Sakhalin-3 project to be held by year-end

A tender on developing a Sakhalin-3 project will be held before the end of the year, said on Thursday Deputy Minister of Natural Resources Alexei Varlamov at a meeting with president of the American Exxon Mobil Russia Inc. (operator of the Sakhalin-1 project) Ben Heynes.
"The tender will be announced after a change in the law [...]

Thursday, February 15th, 2007

Six avalanches seal off highway, linking two Sakhalin cities

Six avalanches rushed down this morning on the highway, linking the Sakhalin port cities of Nevelsk and Kholmsk. The 40-kilometer road runs along the western coast of the island close to the sea with steep hills overhanging the highway. A blizzard, whipped up by the cyclone, ripped off snow layers from their slopes and dashed [...]

Thursday, February 15th, 2007

Cyclone nearing Sakhalin causes airports, ferry service closure

A snow cyclone approaching from Russia's Far Eastern Primorsky (Maritime) territory the Sakhalin and Kurile islands has caused closure of all airports and the Vanino-Kholmsk ferry service on the islands. A powerful storm has affected the Tatar Strait through which major ferry boats sail, and motor ships carrying passengers and cargoes have had to find [...]

Thursday, February 15th, 2007

Sakhalin-1 Project Production Goal Achieved

Exxon Mobil Corporation today announced that phase one of the Sakhalin-1 project offshore Eastern Russia, led by its subsidiary Exxon Neftegas Limited, and including affiliates of Rosneft, RN-Astra and Sakhalinmorneftegas-Shelf, Sakhalin Oil and Gas Development Co., Ltd. and ONGC Videsh Ltd., has reached its targeted peak production rate of 250,000 barrels (34,000 metric tons) of [...]

Thursday, February 15th, 2007

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