The project was launched under the PSA in 1996. The recoverable reserves of three fields are estimated at 307 million tons of oil and 485 billion cu meters of gas. Though the industrial production has begun, the project capacity will be reached only in 2007. Exxon Neftegaz Ltd (subsidiary of ExxonMobil) holds 30 percent in the consortium. Other members are two subsidiaries of Rosneft (20 percent on aggregate), ONGC (20 percent) and Japanese Sodeco (30 percent).
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Sakhalin-1 Consortium Members on Struggle
However, other participants of the consortium, such as ExxonMobil, believe that...
Indian oil company ONGC put forward its own plan to sell gas under the Sakhalin-1 project, whereby the gas will be liquefied on Sakhalin-2 facilities and exported to India.
However, other participants of the consortium, such as ExxonMobil, believe that this is China, who should become the direction of first priority for the gas export.
Sakhalin-1 declined to comment on the issue.
The project was launched under the PSA in 1996. The recoverable reserves of three fields are estimated at 307 million tons of oil and 485 billion cu meters of gas. Though the industrial production has begun, the project capacity will be reached only in 2007. Exxon Neftegaz Ltd (subsidiary of ExxonMobil) holds 30 percent in the consortium. Other members are two subsidiaries of Rosneft (20 percent on aggregate), ONGC (20 percent) and Japanese Sodeco (30 percent).
The project was launched under the PSA in 1996. The recoverable reserves of three fields are estimated at 307 million tons of oil and 485 billion cu meters of gas. Though the industrial production has begun, the project capacity will be reached only in 2007. Exxon Neftegaz Ltd (subsidiary of ExxonMobil) holds 30 percent in the consortium. Other members are two subsidiaries of Rosneft (20 percent on aggregate), ONGC (20 percent) and Japanese Sodeco (30 percent).
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