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RIA Novosti, May 17, 2003

Full-Scale Production at Sakhalin 1 and 2 Fields to Begin Simultaneously

MOSCOW, May 17. Full-scale production of hydrocarbons under the Sakhalin 1 project will begin at the same time as under Sakhalin 2, Governor of Sakhalin Region Igor Farkhutdinov has told reporters. The Sakhalin 2 project is scheduled to reach projected capacity in 2006-2007.

Development of the Sakhalin 1 fields is behind schedule, Farkhutdinov said.The programme of work on Sakhalin 2 and cost estimates were recently approved . "The Sakhalin 1 and Sakhalin 2 figures are comparable," said Farkhutdinov.

He still does not know who will receive gas from Sakhalin 1. He could only note that shipments would be carried through Khabarovsk Territory. The project will enhance infrastructure development in both Sakhalin Region and Khabarovsk Territory in Russia's Far East mainland region, added Farkhutdinov.

Licenses have been issued for the development of Sakhalin 5 fields and part of the Sakhalin 3 project, added the Governor of Sakhalin Region.

 

See also:

Production Sharing Agreements

RIA Novosti, May 17, 2003

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