Sakhalin-III

The Sakhalin-3 project is an oil and gas development in Sakhalin Island, Russia. It includes four blocks (East-Odoptu, Ayashsky, Veninsky and Kirinsky) containing 5.1 Goilbbl of crude oil and 46 Tcuft of natural gas.[1][2]

The Veninsky field is being developed by Venineft, a joint venture of Rosneft (79.5%) and Sinopec (21.5%).[3] It has oil reserves of 1.2 Goilbbl and 9.1 Tcuft of natural gas.[2]

Kirinsky gas and condensate field is being developed by Gazprom Dobycha Shelf, a subsidiary of Gazprom. Kirinsky field is located 28 km offshore Sakhalin Island in the Sea of Okhotsk in water depths of approximately 90 m.[4] It has gas reserves about 3.6 Tcuft. The field is expected to be commissioned in 2014.[5][6] In addition, Gazprom owns the East-Odoptu and Ayashsky licences.[7]

Chevron Corporation, ExxonMobil, and Rosneft got the licence to operate Sakhalin-3 under a production sharing agreement granted in 1993. The licence was revoked and re-tendered in 2005 under a normal tax regime.[8]

In June 2009, Prime Minister of Russia Vladimir Putin invited Royal Dutch Shell to participate in the Sakhalin-3 project.[9]

There are current talks of a Sakhalin VI project.

See also

• Sakhalin-I
• Sakhalin-II
• Petroleum industry in Russia