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MarketWatch: Sakhalin Energy: Oil production shuts down for winter

Last Update: 6:36 AM ET Dec 20, 2006

MOSCOW (MarketWatch) — The international energy consortium Sakhalin Energy Ltd. said Wednesday it had shut down its oil-producing operations for the winter, to be restarted around late May or early June.
The company shuts down oil production for the winter every year primarily because thick ice forms around the northern end of Russia’s Sakhalin Island, making it difficult for tankers to approach.
When oil production stopped Oct. 17, Sakhalin Energy was producing about 80,000 barrels of oil a day, a spokesman for the company said.
Sakhalin Energy is 55%-owned by Royal Dutch Shell PLC (RDSB). Sakhalin Island is located off Russia’s Pacific coast, north of Japan.

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