ExxonMobil Begins Production at the Sakhalin-1 Arkutun-Dagi Field
January 19 2015 - 9:00AM
Business Wire
- Arkutun-Dagi production to reach 90,000
barrels per day
- Total Sakhalin-1 daily production to
exceed 200,000 barrels
Exxon Mobil Corporation (NYSE:XOM) announced today that
production has begun at the Sakhalin-1 project’s Arkutun-Dagi field
– the last of the three fields to be developed. Peak daily
production from the field is expected to reach 90,000 barrels.
The field, located off the northeast coast of Sakhalin Island in
the Russian Far East, will bring total daily production at
Sakhalin-1 to more than 200,000 barrels. The other two fields –
Chayvo and Odoptu – began production in 2005 and 2010,
respectively.
Production from Sakhalin-1’s Arkutun-Dagi field will be routed
through the existing Chayvo onshore processing facility on Sakhalin
Island and delivered through pipelines to the De-Kastri oil export
terminal located in Khabarovsk Krai, Russia.
Exxon Neftegas Ltd. is the Sakhalin-1 Consortium operator with
30 percent interest. Coventurers include Sakhalin Oil and Gas
Development Co. Ltd., with 30 percent interest, and affiliates of
Rosneft, the Russian state-owned oil company, RN-Astra with 8.5
percent, Sakhalinmorneftegas-Shelf, with 11.5 percent, and ONGC
Videsh Ltd. with 20 percent.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is the largest refiner and marketer of
petroleum products, and its chemical company is one of the largest
in the world. Follow ExxonMobil on Twitter at
www.twitter.com/exxonmobil.
CAUTIONARY STATEMENT: Statements of future events or conditions
in this release are forward-looking statements. Actual future
results, including project plans, capacities and production rates
could differ materially due to changes in market conditions
affecting the oil and gas industry or long-term oil and gas price
levels; political or regulatory developments; reservoir
performance; technical or operating factors; the outcome of future
commercial negotiations; and other factors discussed in Item 1A of
ExxonMobil’s most recent Form 10-K and under the heading “Factors
Affecting Future Results” on the Investor section of our website at
exxonmobil.com. The term "project" as used in this release does not
necessarily have the same meaning as under any government payment
transparency reporting rules.
ExxonMobilMedia Relations, 972-444–1107
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