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Archive for February 14th, 2008

Zubkov positive to India’s plea on Sakhalin III

The visiting Russian Prime Minister, Victor Zubkov, is learnt to have given a “sympathetic and positive” response to India’s plea for a major stake in the Sakhalin III and other major oil and gas projects in far-east Russia. India is a partner in Sakhalin I and gets oil supplies from there.
At a 20-minute meeting [...]

Thursday, February 14th, 2008

BP, Rosneft Slow Work at Sakhalin

BP and Rosneft plan to scale back work at their joint offshore projects near Sakhalin Island this year after failing to find commercial oil reserves.
Elvary Neftegaz, BP's and Rosneft's venture for the Sakhalin-4 and Sakhalin-5 projects, will study geological data this year and doesn't plan to drill any wells, BP spokesman Vladimir Buyanov said [...]

Thursday, February 14th, 2008

Exxon says Sakhalin-1 still meeting expectations

Exxon Mobil Senior Vice President Mark Albers said at an energy conference on Tuesday that the company's Sakhalin-1 project continues to perform as expected, contradicting earlier media reports.
An executive at Rosneft, a partner at Sakhalin, said earlier this month that production at the project was expected to fall to 7.9-8.2 million tonnes in 2008. [...]

Thursday, February 14th, 2008

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