It has been 20 years since Sakhalin Energy initiated Russia’s first foray into offshore oil and gas production. Since its stakeholders signed the Sakhalin-2 production sharing agreement (PSA) to develop the Piltun-Astokhskoye and Lunskoye oil and gas fields in 1994, there have been many other firsts as well
The head of Russia’s Rosneft has asked Prime Minister Dmitry Medvedev for help in solving the issue of connecting the company’s projects to the Sakhalin-2 natural gas transit system in the country’s Far East, RIA Novosti reported on April 25.
It has been 20 years since stakeholders signed the Sakhalin-2 PSA that kicked off development of the Piltun-Astokhskoye and Lunskoye oil and gas fields offshore in the Russian Far East.
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 d
Russia increased LNG exports 38.5% year-on-year in the first half of 2013, to 5 million mt, according to data released Tuesday by the Far East branch of Russia's customs service, Platt's reports.