Sakhalin-III project
East-Odoptu, Ayashsky, Veninsky and Kirinsky fields
CountryRussia
RegionSakhalin
Offshore/onshoreoffshore

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 5.1 billion barrels (810×10^6 m3) of crude oil and 46 trillion cubic feet (1.3×10^12 m3) 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 1.2 billion barrels (190×10^6 m3) and 9.1 trillion cubic feet (260×10^9 m3) of natural gas.[2]

Kirinsky gas and condensate field is being developed by Gazprom Dobycha Shelf, a subsidiary of Gazprom. Kirinsky field is located 28 kilometres (17 mi) offshore Sakhalin Island in the Sea of Okhotsk in water depths of approximately 90 metres (300 ft).[4] It has gas reserves about 3.6 trillion cubic feet (100×10^9 m3). 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 The licence was revoked and re-tendered in 2005 under a normal tax regime.[8]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

References

  1. ↑ "Sakhalin Island". Energy Information Administration. Retrieved 14 July 2010.
  2. 1 2 "ChevronTexaco to Invest $9 Billion in Sakhalin-3 Project". OilVoice. 26 September 2003. Archived from the original on 21 August 2010. Retrieved 14 July 2010.
  3. ↑ "Sakhalin-3". Rosneft. Archived from the original on 25 May 2010. Retrieved 14 July 2010.
  4. ↑ "Gazprom Awards FMC Technologies $190 Million Subsea Contract". OilVoice. 9 July 2010. Retrieved 14 July 2010.
  5. ↑ Pinchuk, Denis (16 October 2009). "Russia's Gazprom accelerates Sakhalin-3 project". Reuters. Retrieved 14 July 2010.
  6. ↑ Bryanski, Gleb (28 December 2009). "Gazprom eyes deal with Exxon on Sakhalin in 2010". Reuters. Retrieved 14 July 2010.
  7. ↑ "Eastern Gas Program". Gazprom. Retrieved 14 July 2010.
  8. ↑ "Chevron, ExxonMobil lead Sakhalin-III race". Upstream Online. 31 May 2005. Retrieved 14 July 2010.
  9. ↑ Shuster, Simon (27 June 2009). "Russia's Putin offers surprise deal to Shell". Reuters. Retrieved 14 July 2010.

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