Oil is now flowing from the last of three shallow water but very harsh environment fields developed by ExxonMobil in the sub-Arctic Sakhalin area off the east coast of Russia. Production from the Sakhalin-1 project’s Arkutun-Dagi field is expected to hit a peak rate of 90,000 b/d, says the operator. It is being produced via the ice-resistant Berkut (Russian for ‘Golden Eagle’) gravity base structure, the largest platform yet installed offshore Russia, with a topsides weight of circa 28,000 tons. Total production from Sakhalin-1 will eventually total more than 200,000 b/d, when added to the existing output from the other two fields, Chayvo and Odoptu, which began production in 2005 and 2010 respectively. The oil from Arkutun-Dagi is being routed through the existing Chayvo onshore processing facility on Sakhalin Island and delivered through pipelines to the De-Kastri oil export terminal in Khabarovsk Krai, Russia.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
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