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UPI Energy Watch: Sakhalin Energy sustains production levels

Published: Nov. 29, 2007 at 12:36 PM
By ANDREA R. MIHAILESCU
UPI Energy Correspondent

Sakhalin Energy, the operator of the Sakhalin-2 project, produced 1.68 million tons of oil in 2007 in its ninth production season, according to preliminary figures, the Sakhalin Natural Resources Committee told Interfax.

Oil production in the 2006 season totaled 11.58 million barrels (almost 1.6 million tons). Sakhalin Energy was forced to close the production season early at the end of November 2007 because of weather problems at the Vityaz complex.

The production season for 2006 closed in mid-December, the committee said. Production at Vityaz in 2006 began June 14 and ended Dec. 17.

Sakhalin Energy opened its ninth oil production season at the Astokhskoye section of the Piltun-Astokhskoye field on June 8.

The Sakhalin branch of the Primorye Shipping Co. told Interfax that the Gubernator Farkhutdinov tanker made 10 trips for the Sakhalin-2 project in 2007 and shipped 1 million tons of oil.

“The last trip was made on November 19 and took 100,000 tons of oil to the Japanese ports of Sakai and Shimotsu,” a shipping company spokesman said.

Sakhalin Energy plans to start producing oil all year round in 2008 after the Molikpak platform (part of the Vityaz complex) is connected to the new on-land pipeline system. This will enable the transportation of oil to south Sakhalin to the terminal currently under construction for oil shipments to Aniva Bay, where the sea does not freeze for virtually the entire year.

Closing oil prices, Nov. 29, 3 p.m. London

Brent crude oil: $91.08

West Texas Intermediate crude oil: $91.96

(e-mail: [email protected])

© 2007 United Press International. All Rights Reserved.

http://www.upi.com/International_Security/Energy/Analysis/2007/11/29/upi_energy_watch/4819/

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