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2015-01-21 19:50:00

EXXON STARTED IN RUSSIA

EXXON STARTED IN RUSSIA

ExxonMobil Corp. says it started production from Arkutun-Dagi field in its Sakhalin-1 project in northeastern Russia. The field is expected to produce about 90,000 boe/d.

Located off the northeast coast of Sakhalin Island in the Sea of Okhotsk, Arkutun-Dagi is the third and final Sakhalin-1 field to be developed. Chayvo and Odoptu fields began production in 2005 and 2010 respectively (OGJ Online, Sept. 9, 2010). All use land-based rigs for drilling and production.

ExxonMobil says production from the three fields will exceed 200,000 boe/d. New production will be routed through the Chayvo onshore processing plant on Sakhalin Island and piped to De-Kastri oil export terminal in Khabarovsk Krai, Russia.

Operator ExxonMobil holds a 30% stake in the Sakhalin-1 consortium. Partners are Sakhalin Oil & Gas Development Co. Ltd. 30%, RN-Astra 8.5%, Sakhalinmorneftegas-Shelf 11.5%, and Oil & Natural Gas Corp. Videsh Ltd. 20%.

ogj.com

Tags: EXXON, MOBIL, ARKUTUN-DAGI, RUSSIA, OIL, GAS

Chronicle:

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URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

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S.KOREA'S SOLAR UP

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EXXON STARTED IN RUSSIA
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