Sakhalin 1 india. , notably on the Sakhalin-1 project. India’s state-run Oil and Natural Gas Corp (ONGC) has announced a major recovery in its oil production from the Sakhalin-1 project in Russia. This initiative aligns with broader dialogue despite past political and economic tensions. Jun 18, 2023 · The Sakhalin governor has invited companies from India to invest in Russia's energy reserves after American and European oil and gas majors left. Sakhalin-1 oil and gas project in Russia started oil and gas flow at it first oilfield Chayvo today in the presence of visiting Indian Petroleum Minister Shri Mani Shankar Aiyar and Russian Energy Minister Viktor Khristenko. It operates three fields in the Okhotsk Sea: Chayvo, Odoptu, and Arkutun-Dagi. , Ltd. . But Moscow will make an exception for India so that OVL which holds 20% stake will remain & continue to work. Other participants in the Sakhalin-1 Consortium are two Russian companies, Sakhalinmorneftegas-Shelf and RN-Astra, the Japanese company Sakhalin Oil and Gas Development Co. The other partners of the project are the Japanese consortium Sakhalin Oil and Gas Development Company (SODECO, 30%), India’s state-owned ONGC Videsh (20%), and Russian oil company Rosneft (20%). Speaking at the event Shri Aiyar described this as an important development in the annals of long lasting friendly relationship between India and Russia. Until recently, the Sakhalin-1 project was operated by a Russian subsidiary of the American major ExxonMobil known as Exxon Neftegaz, which owns 30% of the shares. Discussions follow a decree signed by President Putin allowing foreign investment, with Exxon Mobil regaining interest. Almost all of Sakhalin-1's oil production is sent to foreign markets. Despite India’s push for equity oil, as initially agreed, Russia and Rosneft PJSC have maintained their position on paying dividends instead. It comprises three offshore fields. The Sakhalin-I (Russian: Сахалин-1) project, a sister project to Sakhalin-II, is a consortium for production of oil and gas on Sakhalin Island and immediately offshore. , and India’s ONGC Videsh Ltd. It comprises three Jun 23, 2025 · ExxonMobil held a 30 per cent operator stake in Sakhalin-1, which is a project to develop oil and gas off the coast of Sakhalin Island. [1] In 1996, the consortium completed a production-sharing agreement between the Sakhalin-I consortium, the Russian Federation and the Aug 16, 2024 · Listen to This Article Tensions have surfaced between India and Russia over the dividends from ONGC Videsh Ltd (OVL) 20 per cent stake in the Sakhalin-1 oil and gas field, according to a report by Mint. Oct 9, 2023 · Context: Recently, India’s state-run Oil and Natural Gas Corp said oil output from the Sakhalin-1 project in Russia is raise to its plateau level of about 200,000 barrels per day (bpd) from zero. ONGC Videsh already has a 20% share in Sakhalin-1 oilfields, but Russia is encouraging India to increase its stake, including in the Sakhalin-2 gas field. S. The US company, along with Rosneft, India's ONGC Videsh and Japan's SODECO were partners. It comprises three offshore fields — namely, Chayvo, Odoptu, and Arkutun-Dagi. In 2022, Exxon took a $4. and Japanese shareholders. Jan 9, 2023 · The Sakhalin-1 project is operated by Exxon Neftegas (ENL), a subsidiary of Exxon Mobil which holds a 30% participating interest. 6 billion write-down for exiting the Sakhalin-1 development, leaving Rosneft in control. Aug 16, 2025 · Moscow, August 16 (UNI) The decree signed by Russian President Vladimir Putin on the conditions for foreigners to receive a stake in the operator of the Sakhalin-1 oil and gas project may allow the US oil and gas corporation ExxonMobil to return its stake in the project, Reuters reported. He said that his 1 day ago · Russia is open to enhancing energy partnerships with the U. The company said that the output from the project has resumed to its normal level of around 200,000 barrels per d Jan 14, 2020 · The Sakhalin-1 oil and gas development project is located off the coast of Sakhalin Island in the Russian Far East. Jul 12, 2022 · After Sakhalin-2, Moscow also plans to nationalise Sakhalin-1 oil and gas development project by ousting U. Jul 10, 2022 · The Sakhalin-1 is located off the coast of Sakhalin Island in the Russian Far East. Sakhalin – 1 Project The Sakhalin-1 oil and gas development project is located in the Okhotsk Sea, off the northeastern coast of Sakhalin Island in the Russian Far East. zuz uqok qqu djkerfqy zutl nhwa rjemx jbchme nwhu obpnzh