Sakhalin Region to Increase Oil Production by 11%, Gas Production by 14% by 2016

October 29, 2013

Sakhalin Region is going to increase oil production by almost 11% by 2016 compared to 2013, and it expects to increase gas production by almost 14% though solving technological problems at the existing offshore deposits and launching new deposits, the region’s economic development minister, Sergey Karpenko, told the regional government meeting today.
 
In January-September, the regional oil production amounted to 10.1mn tons, which was almost 4% less than a year earlier. Gas production rose by 2.6% to 20.1bn cubic metres. The projects Sakhalin-1 and Sakhalin-2 contributed the lion’s share of the production. Sakhalin-2 exported 8mn tons of LNG, which was almost the same as in January-September 2012.
 
“The decrease in oil production was due to a decrease in oil production at the Chayvo deposits of Sakhalin-1 and the Piltun-Astokhskoye of Sakhalin-2 due to the inflow of water, gas and sand in the wells”, Interfax has cited the minister as saying.
 
Copyright: Oil and Gas Information Agency, 2013