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EastRussia Newsletter: Gazprom wants to attract private companies to Sakhalin

EastRussia Newsletter: Gazprom wants to attract private companies to Sakhalin
Photo: EastRussia

Gazprom Neft is discussing with LUKOIL and NOVATEK the possibility of a partnership in developing offshore Sakhalin-Neptune fields with recoverable reserves of 70 million tons of oil and Triton with recoverable reserves of 45 million tons of oil, the next EastRussia newsletter reads. Nevertheless, the prospects for cooperation remain uncertain - the parties have not reached concrete agreements.

Among the potential partners, Gazprom Neft is considering the British-Dutch company Shell, which may take part in the project, since its features so far preclude the spread of European and American sanctions on it. According to industry experts, Shell is a preferable partner for Gazprom Neft due to the fact that the company has the necessary competencies to develop the shelf and is familiar with the region. However, there is no interest from Shell yet.

Both fields were discovered in the Sea of ​​Okhotsk in 2017-2018; their total geological reserves are estimated to exceed 530 million tons of oil equivalent. The launch of fields under exploration is planned no earlier than 2026.

Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.

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