Russia to auction part of oil and gas deposit off Sakhalin

13:51, May 26, 2011      

Email | Print | Subscribe | Comments | Forum 

Russia has planned to auction part of a hydrocarbon deposit in the Sea of Okhotsk off its Pacific Island of Sakhalin, local media reported.

The Russian government has instructed the Subsoil Use Agency to hold a tender this year for the deposit, which has over 16 million metric tons of estimated oil reserves, and 9.93 billion cubic meters of natural gas, the report said.

The deposit in the Sea of Okhotsk skirts the northern side of the Chaivo oil and gas deposit, which is part of the Sakhalin-1 project, the report said.

The total reserves of the Sakhalin-1 project, which also includes Odoptu and Arkutun-Dagi, are estimated at about 307 million tons of oil and 485 billion cubic meters of gas.

Exxon Neftegas and Japan's Sodeco each have 30 percent of the share of the Sakhalin-1 project, while Russia's Rosneft and India's ONGC have 20 percent each.

Source: Xinhua
 
 
     
 
Wen Jiabao attends trilateral leaders' meeting of China,Japan and ROK
 
The Third China-U.S.Strategic and Economic Dialogue
 
     
 
 
 
  Weekly review  
 
May 20   World Economic Forum China office marks fifth anniversary
 
May 18   China, Pakistan joined in bonds of brotherhood
May 20   'Central axis' of Beijing applies for world cultural heritage
May 20   In pictures: Int'l 'Financial Security' symposium opens in Beijing
May 21   The week in pictures
May 16   Beijing aims for massive influx of overseas talent in 2011
May 16   Singapore election coverage shows Western arrogance
May 16   Chinese naval helicopter conducts target practice in Gulf of Aden
May 17   Strategies for harmony between militaries of China, US
May 17   Pakistani Prime Minister hails China as true friend
 
     
 
 

(Editor:燕勐)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • 3rd Anniversary Of Wenchuan Earthquake
  • Third China-U.S. Strategic and Economic Dialogue
Major headlines
Editor's Pick
  • Parade of ships kicks off NYC annual Fleet Week celebration
  • Iran beats Saudi Arabia at AFC Champions League
  • Parade of ships kicks off NYC annual Fleet Week celebration
  • Cristiano Ronaldo gears up for Euro 2012 qualifier match
  • Wander at Tim Burton's dark, quirky world
  • Members celebrate 50th anniversary of OECD in Paris
Hot Forum Dicussion