ExxonMobil Joint Venture With Russia’s Rosneft Begins Production Offshore Russia

Posted: January 20, 2015 in Econ 101, Technology and Energy

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ExxonMobil launches production from Arkutun-Dagi field at the Sakhalin-1 offshore Russia

ExxonMobil Corporation has begun production at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed

ExxonMobil Corporation has begun production at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed

Production from Sakhalin-1’s Arkutun-Dagi field will be routed through the existing Chayvo onshore processing facility on Sakhalin Island and delivered through pipelines to the De-Kastri oil export terminal located in Khabarovsk Krai, Russia

Peak daily production from the field is expected to reach 90,000 barrels.

The field, located off the northeast coast of Sakhalin Island in the Russian Far East, will bring total daily production at Sakhalin-1 to more than 200,000 barrels.

“I congratulate the team for the safe and successful development of Sakhalin-1’s third field, Arkutun-Dagi,” said James. K. Flood, ExxonMobil Development Company vice-president. “The start-up of this field will continue to add to the benefits the community is receiving through the development of the Sakhalin-1 project.”

The other two fields – Chayvo and Odoptu – began production in 2005 and 2010, respectively.

Production from Sakhalin-1’s Arkutun-Dagi field will be routed through the existing Chayvo onshore processing facility on Sakhalin Island and delivered through pipelines to the De-Kastri oil export terminal located in Khabarovsk Krai, Russia.

Exxon Neftegas Ltd. is the Sakhalin-1 Consortium operator with 30 per cent interest. Co-venturers include Sakhalin Oil and Gas Development Co. Ltd., with 30 per cent interest, and affiliates of Rosneft, the Russian state-owned oil company, RN-Astra with 8.5 per cent, Sakhalinmorneftegas-Shelf, with 11.5 per cent, and ONGC Videsh Ltd. with 20 per cent.

“Berkut gave us its first Sokol [falcon] – the light low-sulphur oil produced at the Sakhalin shelf. Stability, the strict compliance with all obligations in terms of schedule and quality, is the criteria of proficiency and efficiency of work,” said Igor Sechin, head of joint-venture partner Rosneft.

SOURCE: http://www.oilandgastechnology.net/upstream-news/exxonmobil-launches-production-arkutun-dagi-field-sakhalin-1-offshore-russia

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