Odoptu production starts at Sakhalin-1

Exxon Mobil Corp. reports the startup of production from Odoptu field at Sakhalin-1 offshore eastern Russia.

Offshore staff

IRVING, Texas – Exxon Mobil Corp. reports the startup of production from Odoptu field at Sakhalin-1 offshore eastern Russia. Odoptu is expected to add up to 11 MMbbl to Sakhalin-1 oil production in 2011, says Exxon Mobil.

Sakhalin-1 includes the phased development of the Chayvo, Odoptu, and Arkutun-Dagi fields, with an estimated total resource of 2.3 Bbbl of oil and 17 tcf (485 bcm) of natural gas.

The Chayvo field, which was the initial phase of the Sakhalin-1 project, began production in 2005. Future project phases call for the development of the Arkutun-Dagi field as well as expanded gas production and sales from the Chayvo field.

The Sakhalin-1 Consortium includes ENL (30%); Sakhalin Oil and Gas Development Co. Ltd. (SODECO, 30%); affiliates of Rosneft, the Russian state-owned oil company, RN-Astra (8.5%), Sakhalinmorneftegas-Shelf (11.5%). and Oil and Natural Gas Corp. (ONGC) Videsh Ltd. (20%).

09/29/2010

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