Energy Resources

View archive | RSS Feed

UPI Energy Watch

By ANDREA R. MIHAILESCU, UPI Energy Correspondent

Published: Dec. 6, 2007 at 1:49 PM

Order reprints | Print Story | Email to a Friend | Post a Comment

Today's Price of Crude Oil

Nymex Crude Oil

80.69 -5.90 (-6.81% )

Quotes delayed at least 20 mins.

Sakhalin Energy to boost oil production

Sakhalin Energy, the operator of the Sakhalin-2 project, produced 1.68 million tons of oil in the 2007 production season, 6.3 percent more than in 2006, the company said in a press release.

The ninth production season ran from July 8 to Nov. 25. Oil is produced from the Molikpaq platform, part of the Vityaz complex. The decision to end the season on Nov. 25 was made after the SALM buoy was damaged in a storm.

In the 2007 production season, 19 cargoes of Vityaz crude were delivered to Japan, Korea and United States.

Since production began in 1999, Sakhalin-2 has produced about 13.2 million tons of oil.

Continued 1 2 Next >