Sakhalin Energy Annual Oil Production From Molikpaq Up 100,000 Tonnes
December 7, 2007
Sakhalin Energy has produced over 1.68 million tonnes of oil from the Molikpaq platform in 2007, up 100,000 tonnes compared to 2006 production.
In the 2007 production season a total of 19 cargoes of Vityaz crude were delivered to Japan, Korea and the US. The cumulative amount for the subsoil assets usage (royalties) secured the inflow of more than $250 million into the budgets of the Russian Federation.
In addition to managing the normal oil production Sakhalin Energy undertook a significant amount of additional commissioning during the 2007 season. This centered around new equipment on the Molikpaq platform to allow the hook up of a new offshore pipeline system, which will allow year-round oil production next year.