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Sakhalin-iThe Sakhalin-I project is a consortium to locate and produce oil and gas on Sakhalin Island and immediately offshore from three fields: Chayvo, Odoptu and Arkutun-Dagi. In 1996 the consortium completed a production-sharing agreement between the Sakhalin-I consortium, the Russian Federation, and the Sakhalin government. The consortium is managed and operated by Exxon Neftgas Limited (ENL). Consortium Partners: - 30% - Exxon Mobil (UNITED STATES)
- 30% - Sakhalin Oil & Gas Development Co. Ltd. (JAPAN)
- 20% - ONGC Videsh Ltd. (INDIA)
- 11.5% - Sakhalinmomeftegas-Shelf (RUSSIA)
- 8.5% - RN-Astra (RUSSIA)
The three fields will be developed in this order: Chayvo, Odoptu, and Arkutun-Dagi. The total project is estimated to cost $10-12 billion US dollars, making it the largest direct investment in Russia from foreign sources. It is also estimated that nearly 13,000 jobs will be created either directly or indirectly. $2.8 billion has already been spent making un-employment on Sakhalin Island almost non-existent and doubling the tax base for the local government. The fields are projected to yield 2.3 billion barrels (366 million m³) of oil and 17.1 trillion ft³ (484 km³) of gas. Yestreb The first rig is in place for Sakhalin-I, the Yestreb (Russian for hawk), is the most powerful land rig in the world. Parker Drilling Company is the operator of the 230 ft (75 m) high rig. Although the rig is land based it will drill more than 20 "extended-reach" wells five to six miles (10 km) vertically out into the Sea of Okhotsk, and 8500 ft (2600 m) in depth. This land-based offshore drilling arrangement is needed because the Sea of Okhotsk is frozen about four months out of the year. The rig is designed to be resistant to the earthquakes that frequent the area, and operate in the -40 temperature that occurs in the winter. Pipeline As part of the project Russia is in the process of building a 136 mile (220 km) pipeline across the Tatar Strait from Sakhalin Island to De-Kastri (Dekastri Marine Terminal) on the Russian mainland. From De-Kastri it will be loaded onto tankers for transport to East Asian markets. External Links:
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