Sakhalin-1 project production goal achieved

Exxon Mobil Corp. has announced that phase one of the Sakhalin-1 project offshore Eastern Russia, led by its subsidiary Exxon Neftegas Ltd, and including affiliates of Rosneft, RN-Astra and Sakhalinmorneftegas-Shelf, Sakhalin Oil and Gas Development Co. Ltd and ONGC Videsh Ltd, has reached its targeted peak production rate of 250,000 barrels of oil per day. Phase one of the project consists of the Chayvo field onshore processing facility and a 140mi pipeline to transport crude west across Sakhalin Island and the Tatar Strait to the DeKastri terminal in the Russian Far East, where it is exported to international buyers. Natural gas production for the peak winter season in 2007 has been 140 million cubic feet per day and is being marketed to two domestic customers in the Khabarovsk Krai. The Sakhalin-1 project includes three offshore fields: Chayvo, Odoptu, and Arkutun Dagi.
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