Sakhalin Projects Production at 27.5 mln barrels in Q1

24.9 million barrels of oil were exported, 30% more than the same period of last year, the regional administration said in its statement.

The Sakhalin I project is operated by Exxon Neftegas Limited, a subsidiary of U.S. oil major Exxon, and has recoverable reserves estimated at 2.3 billion barrels of oil and 485 billion cubic meters of natural gas.
The Sakhalin II project, in which Russian gas monopoly Gazprom holds a controlling stake, has estimated reserves of 1.1 billion barrels of oil and 500 billion cubic meters of natural gas.