Sakhalin-III explained

Sakhalin-III project
East-Odoptu, Ayashsky, Veninsky and Kirinsky fields
Region:Sakhalin
Country:Russia
Offonshore:offshore

The Sakhalin-3 (Russian: Сахалин-3) project is an oil and gas development in Sakhalin Island, Russia. It includes four blocks (East-Odoptu, Ayashsky, Veninsky and Kirinsky) containing of crude oil and of natural gas.[1] [2]

The Veninsky field is being developed by Venineft, a joint venture of Rosneft (74.9%) and Sinopec (25.1%).[3] It has oil reserves of and of natural gas.[2]

Kirinsky gas and condensate field is being developed by Gazprom Dobycha Shelf, a subsidiary of Gazprom. Kirinsky field is located offshore Sakhalin Island in the Sea of Okhotsk in water depths of approximately .[4] It has gas reserves about . The field is expected to be commissioned in 2014.[5] [6] In addition, Gazprom owns the East-Odoptu and Ayashsky licences.[7]

Chevron Corporation, ExxonMobil, and Rosneft got the licence to operate Sakhalin-3 under a production sharing agreement granted in 1993. The licence was revoked and re-tendered in 2005 under a normal tax regime.[8]

In June 2009, Prime Minister of Russia Vladimir Putin invited Royal Dutch Shell to participate in the Sakhalin-3 project.[9]

See also

Notes and References

  1. News: Sakhalin Island . Energy Information Administration . 2010-07-14.
  2. Web site: ChevronTexaco to Invest $9 Billion in Sakhalin-3 Project . OilVoice . 2003-09-26 . 2010-07-14 . dead . https://web.archive.org/web/20100821215515/http://www.eia.doe.gov/emeu/cabs/Sakhalin/Background.html . 21 August 2010.
  3. Web site: Sakhalin-3 . Rosneft . 2010-07-14 . dead . https://web.archive.org/web/20100525054511/http://www.rosneft.com/Upstream/Exploration/russia_far_east/sakhalin-3/ . 25 May 2010.
  4. News: Gazprom Awards FMC Technologies $190 Million Subsea Contract . OilVoice . 2010-07-09 . 2010-07-14.
  5. News: Russia's Gazprom accelerates Sakhalin-3 project . Denis . Pinchuk . Reuters . 2009-10-16 . 2010-07-14.
  6. News: Gazprom eyes deal with Exxon on Sakhalin in 2010 . Gleb . Bryanski . Reuters . 2009-12-28 . 2010-07-14.
  7. Web site: Eastern Gas Program . Gazprom . 2010-07-14 . 14 July 2010 . https://web.archive.org/web/20100714082207/http://www.gazprom.com/production/projects/east-program/ . dead .
  8. News: Chevron, ExxonMobil lead Sakhalin-III race . . 2005-05-31 . 2010-07-14.
  9. News: Russia's Putin offers surprise deal to Shell . Simon . Shuster . Reuters . 2009-06-27 . 2010-07-14.

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