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Hemscott.com: Sakhalin Energy raises output despite disruption

LONDON (Thomson Financial) – Sakhalin Energy, the developer of the 20 bln usd Sakhalin-2 project in Russia, said oil production from the Molikpaq platform increased by 800,000 barrels to 12.4 mln barrels this year despite the disruptions caused by bad weather.

About 19 cargoes of oil were delivered from the Vityaz facility to Japan, Korea and the US this year, it added.

Bad weather damaged the Single Anchor Leg Mooring buoy at the Vityaz complex last month, forcing Sakhalin Energy to start the seasonal production shutdown on Nov 25, weeks earlier than planned.

Sakhalin Energy is currently installing new equipment at Molikpaq to allow year-round oil production starting next year.

Russian gas monopoly Gazprom controls a 50 pct plus one share stake in Sakhalin Energy, while Royal Dutch Shell PLC owns 27.5 pct. Japan’s Mitsui & Co Ltd and Mitsubishi Corp hold the rest.

[email protected] mbe/slm

http://www.hemscott.com/news/latest-news/item.do?newsId=56019258483776  

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