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About $ XNUMX billion is invested in oil production in Sakhalin

About $ XNUMX billion is invested in oil production in Sakhalin
Photo: sakhalinenergy.ru

Exxon plans to invest about $ XNUMX billion in an oil production project on Sakhalin. This was announced at the forum "Oil and Gas of Sakhalin" by the governor of the region Valery Limarenko.

According to him, such investments are expected within the next five years. This will help stabilize and increase the production level. Now about 70% of oil and condensate production in the region falls on the Sakhalin-1 project. Since 2020, the volumes have been gradually decreasing, said Limarenko, therefore it is necessary to attract investments.

The regional governor also noted that Sakhalin Energy is also continuing to develop the field at the Sakhalin-2 project. The investment level will remain the same. The company also expects to increase its raw material base.

 

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