Sakhalin 1 start-up possibly earlier

Nov 21, 1996 01:00 AM

Exxon anticipates the Sakhalin I Consortium will start-up production shortly after the turn of the century, likely around 2001-2002, earlier than the initial schedule of around 2004, although they do prefer "to not name a year". Exxon Neftegas Ltd is operator of the Sakhalin I Consortium and has a 30 % interest, as does SODECO, Sakhalin Oil Development Co-operation, the Japanese partner. Two Russian companies, Sakhalinmorneftegas-Shelf and Rosneft-Sakhalin have a 23 and 17 % interest, respectively. Field work was initiated on the first part of a $200-$300 mm resource appraisal program after the production sharing agreement was declared effective in June.More than half of that will be spent in 1997. 3D seismic data has been gathered over the Arkutun-Dagi field, offshore Sakhalin Island. The group completed "the first well to be drilled under a PSA in Russia, the Dagi-5," in the Arkutun-Dagi field. Drilled to a depth of 2,500 m (8,200 ft), the well was completed on October 14, confirming oil reserves in the central portion of the field. The core samples and other data from the well are currently being analysed. Design studies for the first phase of development of the Arkutun-Dagi field also are being planned for 1997. Under consideration is a 40-slot, ice-resistant platform in about 45 m (150 ft) of water to develop oil reserves in the central portion of the Arkutun-Dagi field. The first phase development also will include provisions for oil export and domestic oil sales. During 1997, the consortium plans to drill 3 additional appraisal wells in the Arkutun-Dagi field and acquire additional 3D seismic on Chayvo, a second offshore field in the Sakhalin I area. Two of the wells will be drilled with the Rosneft-Sakhalinmorneftegas (SMNG) OKHA jack-up rig that is under contract to the Consortium. SMNG also will supply work boats to support the drilling effort. A rig to drill the third well will be contracted separately.

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