Sakhalin-1 Oil and Gas Project (Russia)
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Sakhalin-1 Oil and Gas Project (Сахалин-1) is an operating oil and gas project in Russia.
The project consists of the following units:
- Chayvo Oil Field (Russia)
- Arkutun-Dagi Oil and Gas Field (Russia)
- Odoptu (Central and Southern Domes) Oil and Gas Field (Russia)
Project Details
Main Data
Table 1: Project-level project details for Sakhalin-1 Oil and Gas Project
| Unit name | Status | Operator | Owner | Discovery year | FID* year | Production start year |
|---|---|---|---|---|---|---|
| Sakhalin-1 | Operating[1] | Sakhalinmorneftegaz-Shelf[2] | Government of Russia (30.0%); RN-Astra (8.5%); Sakhalinmorneftegaz-Shelf (11.5%); SODECO (30.0%); ONGC Videsh Limited (20.0%)[3] | – | – | 2005[4] |
Production and Reserves
Table 2: Reserves of Sakhalin-1 Oil and Gas Project
| Fuel Description | Reserve Classification | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| gas | 1P reserves | 37700 | million m³ | 2017 | [5] |
| gas | 2P reserves | 47400 | million m³ | 2017 | [5] |
| gas | reserves | 484213.51 | million m³ | 2019 | [6] |
| hydrocarbons | 1P reserves | 329.8 | million boe | 2017 | [5] |
| hydrocarbons | 2P reserves | 463 | million boe | 2017 | [5] |
| oil | 1P reserves | 100.1 | million bbl | 2017 | [5] |
| oil | 2P reserves | 174.2 | million bbl | 2017 | [5] |
| oil | reserves | 2300 | million bbl | 2019 | [6] |
Table 3: Production from Sakhalin-1 Oil and Gas Project
| Category | Fuel Description | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| production | [not stated] | 109.5 | million boe/y | 2018 | [7] |
Location
Table 4: project-level location details for Sakhalin-1 Oil and Gas Project
| Location | Coordinates (WGS 84) |
|---|---|
| Offshore, Russia[8] | 52.3765, 143.9549 (approximate)[8] |
The map below shows the approximate location of the project:
Background
Following Russia's invasion of Ukraine, Exxon Mobil stated its intention to discontinue all its Russia operations and exit about $4 billion in assets, including the Sakhalin-1 oil and gas project. In March 2022, the company declared a force majeure for its Sakhalin-1 operations due to sanctions imposed on Russia which made it increasingly difficult to continue operations.[9] The project's output collapsed following the force majeure, but full production was restored by January 2023.[10]
In August 2022, the Russian government has ordered a freeze on any sale of Exxon's stake in Sakhalin-1 project, alongside similar bans on foreign-ownership transactions for other energy infrastructure assets. The announcement followed days after Exxon had started negotiations with a third party for a sale of its shares in Sakhalin-1.[11]
In October 2022, President Putin has signed a decree that established a new Russian operator company for the Exxon-lead project. The new company, Sakhalin-1 LLC, is managed by a Rosneft subsidiary Sakhalinmorneftegaz-Shelf, which received investor's rights in the project.[12] While SODECO (30%) and ONGC Videsh Limited (20%) maintained their shares in the new operator, Exxon's 30% stake was transferred to Sakhalinmorneftegaz-Shelf.[13]
In December 2024, the Russian government has granted Exxon an extension until January 1, 2026, to divest its 30% stake in the project.[14]
As of January 2024, ambiguity remains in regard to ownership of the project. While a Rosneft subsidiary officially owns the 30% stake formerly held by Exxon, the Russian government has also informally acknowledged ownership from the oil major, by granting Exxon the 1-year extension to sell its stake in the project.
Articles and Resources
Additional data
To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.
References
- ↑ Министерство природных ресурсов и экологии Российской Федерации, Федеральное агентство по недропользованию (Роснедра) (2022). "Государственный Доклад о Состоянии и Использовании Минерально-Сырьевых Ресурсов Российской Федерации в 2021 году" (PDF). Федеральное агентство по недропользованию (Роснедра). Archived (PDF) from the original on 45201. Retrieved Oct 2, 2023.
{{cite web}}: Check date values in:|archive-date=(help) - ↑ https://www.upstreamonline.com/politics/putin-presses-on-with-search-for-buyer-of-sakhalin-1-stake-after-exxonmobil-exit/2-1-1431657 https://energybase.ru/news/industry/sahalin-1-na-odin-gazeta-kommersant-no-187-7388-ot-10102022-2022-10-09, https://www.upstreamonline.com/politics/putin-presses-on-with-search-for-buyer-of-sakhalin-1-stake-after-exxonmobil-exit/2-1-1431657.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ https://www.wsj.com/articles/russia-wipes-out-exxons-stake-in-sakhalin-oil-and-gas-project-11666040367, https://www.upstreamonline.com/politics/putin-presses-on-with-search-for-buyer-of-sakhalin-1-stake-after-exxonmobil-exit/2-1-1431657 https://www.sakhalin-1.com/en-RU/Company/Who-we-are, https://www.wsj.com/articles/russia-wipes-out-exxons-stake-in-sakhalin-oil-and-gas-project-11666040367, https://www.upstreamonline.com/politics/putin-presses-on-with-search-for-buyer-of-sakhalin-1-stake-after-exxonmobil-exit/2-1-1431657.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230503013625/https://sakhalin.gov.ru/index.php?id=168. Archived from the original on 03 May 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 5.0 5.1 5.2 5.3 5.4 5.5 https://web.archive.org/web/20210920050324/https://sakhalin1.rosneft.com/about/Rosneft_today/Operational_structure/Development_and_Production/Sakhalin1/Reserves_volume/. Archived from the original on 20 September 2021.
{{cite web}}: Missing or empty|title=(help) - ↑ 6.0 6.1 https://web.archive.org/web/20220302200227/https://www.sakhalin-1.com/en-RU/Company/Who-we-are/Benefits-to-Russia. Archived from the original on 02 March 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20220120143710/https://www.sakhalin-1.com/en-RU/Company/Who-we-are/Project-history. Archived from the original on 20 January 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 8.0 8.1 (PDF) https://web.archive.org/web/20210917061745/https://www.sakhalin-1.com/-/media/Sakhalin/Files/Publications/ENG-Sakhalin-1-overview-2018.pdf. Archived from the original (PDF) on 17 September 2021.
{{cite web}}: Missing or empty|title=(help) - ↑ "Exxon declares force majeure on Russian Sakhalin-1 operations". Reuters.com. Apr 27, 2022. Retrieved Jan 7, 2025.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Russia's Sakhalin-1 near full oil output after Exxon exit -source". Reuters.com. Jan 9, 2023. Retrieved Jan 7, 2025.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Russia Seizes Exxon's Stake in Sakhalin-1 Offshore Project". The Maritime Executive. Retrieved 2025-01-08.
- ↑ "Putin orders seizure of Exxon-led Sakhalin 1 oil and gas project". Reuters.com. Oct 7, 2022. Retrieved Jan 7, 2025.
{{cite web}}: CS1 maint: url-status (link) - ↑ Afanasiev, Vladimir (2023-04-06). "Putin presses on with search for buyer of Sakhalin 1 stake after ExxonMobil exit". upstreamonline.com. Retrieved 2025-01-08.
- ↑ "Russia extends deadline for Exxon to sell Sakhalin-1 stake to 2026 in a decree". World Energy News. 2024-12-09. Retrieved 2025-01-08.
