Exxon starts test drilling on Russian Sakhalin exploratory well

Jul 05, 2000 02:00 AM

Exxon Neftegas, the operator of the Sakhalin 1 project, which involves the development of three offshore oil and gas fields near the Russian Far East island of Sakhalin, has started drilling an exploratory well at the Chaivo field on the north-eastern Sakhalin shelf.
Recoverable reserves of all three fields total 325 mm tons of oil and 425 bn cm of gas. The Sakhalin 1 international consortium comprises Russian Rosneft-Sakhalin with 17 %, Sakhalinmorneftegas, a subsidiary of Russian oil major Rosneft, with 23 %, Exxon with 30 % and Japan's Sodeco with 30 %.

Source: Bridge News via Newspage
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