Sakhalin-2 Oil and Gas Project (Russia)
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Sakhalin-2 Oil and Gas Project (Сахалин-2) is an operating oil and gas project in Russia.
The project consists of the following units:
Project Details
Main Data
Table 1: Project-level project details for Sakhalin-2 Oil and Gas Project
| Unit name | Status | Operator | Owner | Discovery year | FID1 year | Production start year | Production type2 |
|---|---|---|---|---|---|---|---|
| Sakhalin-2 | Operating[1] | Sakhalinskaya Energiya LLC[2] | Sakhalinskaya Energiya LLC (100.0%)[3] | – | – | 1999[4] | Conventional |
Production and Reserves
Table 2: Reserves of Sakhalin-2 Oil and Gas Project
| Fuel description | Reserves classification | Quantity | Units | Data year | Source |
|---|---|---|---|---|---|
| gas | [not stated] | 684000 | million m³ | 2010 | [5] |
| gas | total recoverable reserves | 500000 | million m³ | 2017 | [6] |
| oil | [not stated] | 1100 | million bbl | 2010 | [5] |
| oil | total recoverable reserves | 1099.5 | million bbl | 2017 | [6] |
Table 3: Production from Sakhalin-2 Oil and Gas Project
| Category | Fuel description | Quantity | Units | Data year | Source |
|---|---|---|---|---|---|
| production | gas | 14688 | million m³/y | 2013 | [7] |
| production | gas | 24500 | million m³/y | 2018 | [8] |
| production | oil | 35.91 | million bbl/y | 2013 | [7] |
| production design capacity | oil | 124.1 | million bbl/y | 2010 | [5] |
Location
Table 4: Project-level location details for Sakhalin-2 Oil and Gas Project
| Location | Onshore/Offshore | Coordinates (WGS 84) |
|---|---|---|
| Offshore, Russia[9] | Offshore[10] | 53.0833, 143.792 (approximate)[9] |
The map below shows the approximate location of the project:
Background
Following Russia's invasion of Ukraine, Shell declared its intention to leave the Sakhalin-2 project. In the first quarter of 2022, the company booked a $1.6 billion impairment related to its withdrawal from the project.[11]
In June 2022, the original Bermuda-based operator Sakhalin Energy was transformed into a Russian company, Sakhalinskaya Energiya LLC, via a presidential decree. Gazprom received a 50.01% share in the new operator. Mitsui (12.5%) and Mitsubishi (10%) confirmed their participation in the new operator, while Shell opted out.[12]
In March 2024, Shell's former 27.5% stake was acquired by Gazprom for close to $1 billion. At the same time, Shell stated that it "reserves all its legal rights relating to its 27.5% interest in Sakhalin Energy Investment Company Ltd (SEIC)."[11]
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
- ↑ https://web.archive.org/web/20231130234658/https://www.interfax.ru/world/920855. Archived from the original on 30 November 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ Министерство природных ресурсов и экологии Российской Федерации, Федеральное агентство по недропользованию (Роснедра) (2023). "Государственный Доклад о Состоянии и Использовании Минерально-сырьевых Ресурсов Российской Федерации в 2021 году". Telegram. Retrieved Aug 14, 2024.
{{cite web}}: CS1 maint: url-status (link) - ↑ https://www.forbes.ru/biznes/508917-pravitel-stvo-vybralo-pokupatelem-doli-v-sahaline-2-gazprom-vmesto-novateka.
{{cite web}}: Missing or empty|title=(help) - ↑ "Country Analysis Brief: Russia" (PDF). 2017. Archived (PDF) from the original on May 19, 2021. Retrieved May 19, 2021.
- ↑ 5.0 5.1 5.2 (PDF) https://web.archive.org/web/20230506213645/http://www.oxfordenergy.org/wpcms/wp-content/uploads/2010/11/WPM34-AgreementsFromAnotherEraProductionSharingAgreementsinPutinsRussia2000-2007-TimothyFentonKrysiek-2007.pdf. Archived from the original (PDF) on 06 May 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 6.0 6.1 https://web.archive.org/web/20221004162218/http://neftianka.ru/sakhalin-2/. Archived from the original on 04 October 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 7.0 7.1 https://web.archive.org/web/20230328050810/https://www.offshore-technology.com/projects/sakhalin-ii-a-timeline/. Archived from the original on 28 March 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://web.archive.org/web/20221214201110/https://www.oxfordenergy.org/wpcms/wp-content/uploads/2018/12/Shrinking-surplus-the-outlook-for-Russias-spare-gas-productive-capacity-Energy-Insight-42.pdf. Archived from the original (PDF) on 14 December 2022.
{{cite web}}: Missing or empty|title=(help) - ↑ 9.0 9.1 (PDF) https://web.archive.org/web/20230417130816/http://www.sakhalinenergy.ru/upload/iblock/242/GRI-Report_2019_2704_ENG_FINAL.pdf. Archived from the original (PDF) on 17 April 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ Natural Earth. 45078 https://www.naturalearthdata.com/downloads/10m-physical-vectors/10m-land/. Archived from the original on June 29, 2023. Retrieved June 29, 2023.
{{cite web}}: Check date values in:|date=(help); Missing or empty|title=(help) - ↑ 11.0 11.1 "Gazprom's unit buys former Shell stake in Sakhalin Energy for $1 billion". Reuters.com. Mar 26, 2024. Retrieved Jan 7, 2025.
{{cite web}}: CS1 maint: url-status (link) - ↑ "В. Путин подписал указ, предполагающий изъятие долей участия Wintershall DEA и OMV в СП с Газпромом". neftegaz.ru (in русский). 2023-12-20. Retrieved 2025-01-07.
