Rosneft operates the project through its subsidiary…
Rosneft operates the project through its subsidiary SakhalinMorNeftGas-Shelf. Production at the Sakhalin-1 oil and gas project exceeded the plan of the previous operator, Exxon Neftegaz (owned by US oil company ExxonMobil), by 20%.
Consensus
- Rosneft has exceeded the production plan set by the former operator ExxonMobil at the Sakhalin-1 project by 20%
- Rosneft took over operational control of the Sakhalin-1 project in 2022 after the departure of foreign partners
- The project includes three marine fields: Chayvo, Odoptu, and Arkutun-Dagi
- The project was originally signed between the Russian government and ExxonMobil in 1995
- Production was restored after a near-crisis situation following the departure of foreign partners
Points of divergence
- The former operator ExxonMobil left the project unilaterally in 2022 and ceased operations of key foreign contractors — vedomosti
- The former operator ExxonMobil owned 30% of the project — vedomosti
- The 2022 presidential decree transferred operatorship to Russia and required foreign owners to apply to the Russian government to retain their shares — vedomosti
- Rosneft owns 20% of the project through subsidiaries — vedomosti
- Japan's Sodeco owns 30% of the project — vedomosti
- India's ONGC Videsh owns 20% of the project — vedomosti
- ExxonMobil's 30% stake is to be sold to a Russian legal entity — vedomosti
- The company launched a drilling program and completed a second world-class well at Odoptu in 2023 — vedomosti
- The Southern Dome at Odoptu was commissioned in 2025 with record well output of up to 2600 tons/day — vedomosti
- Active drilling began on all three fields in 2026 — vedomosti
- More than 3000 high-skilled jobs were preserved — vedomosti
Coverage (2 sources)
- Sakhalin-1 production exceeds ExxonMobil's plan by 20% — Ведомости
- Oil and Gas Production on Sakhalin-1 Surpasses Previous Operator's Plan by 20% — Коммерсантъ