Sakhalin: Oil production under the Sakhalin-1 project fell 22 times due to sanctions
Fuel exports as part of the Sakhalin-2 project
Oil production in the framework of the Sakhalin-1 project fell 22 times due to sanctions and amounted to 10 thousand barrels per day, Yuri Trutnev, Presidential Polorant in the Far Eastern Federal District, said at a meeting in Yuzhno-Sakhalinsk.
According to him, in 2023, the Sakhalin Region will receive 38 billion rubles or 26% of his own revenues to the budget. In addition, Trutnev emphasized that the reduction in production will affect "the state of the economy of the entire Far East and the Russian Federation, too." What kind of sanctions influenced the restriction of prey - Trutnev did not specify.
Due to the production of oil production, the characteristics of the fields will deteriorate, and a large amount of oil will "remain in the layers," Trutnev noted. Speaking about the likely exit to foreign partners from Sakhalin-1, the envoy said that he was hoping to maintain the production agreement on the division of products in the next five years.
In 2022, after the start of Russian military aggression in Ukraine, Exxonmobil, which, by agreement on the division of products, acted as the Sakhalin-1 project, announced the exit from the project. The company owns 30% of Sakhalin-1 shares. Another 30% in the Japanese Sodeco asset, 20% belongs to Rosneft and Indian Ongc.
At the end of July, Russian President Vladimir Putin signed a decree of the transfer to the state of Sakhalin Energy assets - an operator of another major international project "Sakhalin -2". The document states that the decision was made in connection with "with the unfriendly and contradictory international law" the actions of the United States and the states and organizations aimed at the introduction of sanctions against Russia.
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