ExxonMobil announced that the Sakhalin-1 project has earned the Excellence in Project Integration Award from the committees and sponsoring societies of the International Petroleum Technology Conference (IPTC).
The award recognizes the project for successfully integrating geoscience knowledge; reservoir and production engineering; construction and facilities engineering practices; safety, health and environmental processes; human resources policies; community programs; and overall project teamwork.
"We are extremely proud of the Sakhalin-1 project achievements," said Mark Albers, senior vice president, Exxon Mobil Corporation. "The Sakhalin-1 project is one of the largest energy investments in Russia and is a testament to international cooperation to successfully execute this project in one of the most challenging arctic environments in the world in a safe and environmentally responsible manner."
Exxon Neftegas Limited, an ExxonMobil affiliate, holds a 30 percent interest in and operates the multi-billion dollar Sakhalin-1 project.
Since 2005, the Sakhalin-1 project to develop the Chayvo field in the Sea of Okhotsk has produced more than 157 million barrels of crude oil for export to world markets. It also has been a key supplier of natural gas to Russia's Far East.
Sakhalin-1 project development has involved many accomplishments:
The co-venturers with ENL in the Sakhalin-1 project include the Japanese consortium SODECO (30 percent), the Indian state-owned oil company ONGC Videsh Ltd. (20 percent), and affiliates of Rosneft, the Russian state-owned oil company, Sakhalinmorneftegas-Shelf (11.5 percent) and RN-Astra (8.5 percent).
In addition to the Sakhalin-1 project, another development in which ExxonMobil has an interest, the RasGas LNG Train 5 project, is also a 2008 IPTC award recipient.
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