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News // Oil and gas worldwide

Shell Announces Production at Sakhalin

17 December 2008 , 15:17Ksenia Kochneva873
UPI.com reported that Shell said production in the south of Sakhalin near the Prigorodnoye port started last week for the export of oil and liquefied natural gas on a year-round basis.

Production capabilities were realized through a trans-Sakhalin pipeline system that connects offshore platforms with facilities in the south of the island, Shell said.

Shell owns a 27.5 percent stake in the Sakhalin Energy venture, with Russian energy monopoly Gazprom holding a 50 percent plus one share. Japan's Mitsui & Co. Ltd. holds 12.5 percent and Mitsubishi claims the remaining 10 percent.

"Today's achievement is the result of the dedicated work of tens of thousands of people, and it marks a new chapter in the development of the Sakhalin Island," said Sakhalin Energy chief Ian Craig.

Production at the facility, Sakhalin II, will bring a boost to Russia's growing influence in world energy markets, Shell said.

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