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Oil, gas production grows over 2 times in Sakhalin in 2007 against 2006

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.

At present, three oil extracting platforms - - Yastreb and Orlan (Sakhalin-1) and Molikpaq (Sakhalin-2) work on the shelf of Sakhalin. Since 1999, Molikpaq has been functioning only in the period without ice, but in the current year, it will begin the all-the-year-round oil extraction. The company Sakhalin Energy, the Sakhalin-2 operator, will launch another two platforms - - LUN-U and PA-B. All the five platforms, according to specialists’ estimates, will bring the production of oil to 25 million tonnes a year, the shelf of Sakhalin will also begin supplying liquefied blue fuel - - 9.6 million tonnes a year to the world market.

As Governor of the Sakhalin region Alexander Khoroshavin said, Exxon Neftegaz Ltd is considering an issue of installing one more sea platform in the Chaivo oil field. If this issue is solved, six sea platforms will extract oil and gas in the Sakhalin shelf in the near future.

One Response to “Oil, gas production grows over 2 times in Sakhalin in 2007 against 2006”

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