Sakhalin-III

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]

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

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 The licence was revoked and re-tendered in 2005 under a normal tax regime.[8]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. "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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