ID :
209615
Tue, 09/27/2011 - 08:05
Auther :

Int'l conference to consider production on oil, gas on Sakhalin shelf

Int'l conference to consider production on oil, gas on Sakhalin
shelf. Production of crude oil and natural gas on the continental shelf of
Russia's Far-Eastern island of Sakhalin will be the central issue at an
international conference that opens here Tuesday.
The forum titled 'Sakhalin Oil & Gas 2011' will bring together the
officials, business executives and experts from different countries linked
to the Sakhalin shelf projects.
The press service of the Sakhalin region administration said in this
connection that the current conference is a jubilee one. Oil and gas
industry experts have been meeting in Yuzhno-Sakhalinsk for the past six
years and nine conferences were held in London prior to that.
The conference agenda is appended with an exhibition highlighting the
most recent achievements in the production, transportation and
refining/processing of hydrocarbons.
Oil and gas deposits on the Sakhalin shelf are being developed by the
Sakhalin Energy international company, which is the operator of the
Sakhalin-2 project, and the U.S. company Exxon Neftegaz Ltd., the operator
of the Sakhalin-1 project.
The combined output of crude on the Sakhalin shelf is expected to
stand at no less than 15 million tons in 2011.
Four maritime platforms have been installed in the Sea of Okhotsk to
extract oil and gas from the deposits underlying the sea floor. The
hydrocarbons are also produced with the aid of inclination wells drilled
from ashore.
The projects continue developing. A foundation of a new giant platform
is being built in the Russian Far-Eastern port city of Nakhodka for Exxon
Neftegaz Ltd., and its upper deck has been commissioned to a South Korean
company.
This platform is due to come into operation on the Sakhalin shelf in
2014.
In parallel with Sakhalin-1 and Sakhalin-2, exploration drilling is
being done at the sites of the Sakhalin-3 project.
Oil industry analysts say the output of crude on and around Sakhalin
will likely go up to 25 million tons a year over the medium term.

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