Sakhalin Energy Annual Oil Production From Molikpaq Up 100,000 Tonnes
Posted on: Friday, 7 December 2007, 09:00 CST
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.
Source: Datamonitor
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