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Lloyds List: Sakhalin Energy signs Prisco deal

Published: Oct 03, 2006

SAKHALIN Energy will charter two crude oil tankers from Primorsk Shipping Corp to cover shipments from its new terminal in Aniva Bay, writes Martyn Wingrove .

The Shell-led consortium has signed an agreement with Prisco covering a five year time charter of the two 2004-built vessels Sakhalin Island and Governor Farkhutdinov.

These two 108,000 dwt tankers will be transporting crude from the southern tip of Sakhalin Island to Asian markets from the fourth quarter of 2007 if the Sakhalin II project starts on time.

The double-hulled vessels have been ice strengthened to operate in the cold climate that affects the region from December to March and have bow loading systems to accommodate the tanker loading unit being commissioned at Aniva Bay.

Prisco is working for Sakhalin Energy on other shipping levels, operating supply vessels and shuttle tankers on the first phase of the Sakhalin II concession. Prisco is also to operate LNG carriers for the second phase of Sakhalin II.

Shell has come under fire from the government for the development of two oil and gas fields off Sakhalin, which could delay start up of oil shipments from the Aniva Bay terminal.

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