Stay up to date with the latest news releases from Exxon Neftegas Limited. The length of the well with horizontal completion is 15000 m which currently is a world record. On October 9, 2014, the first development well was drilled from the Berkut rig. The expansion involved an increase in crude oil production by way of new platforms and also the construction of a new liquefied natural gas (LNG) infrastructure for the export of natural gas to international markets. This Agreement was the … Several world records were set in the implementation process at the fields of the Sakhalin-1 project. Sakhalin Energy is the operator of Sakhalin-2. The company is developing the Piltun-Astokhskoye and Lunskoye oil and gas fields on the north-east shelf of Sakhalin Island; its activities include hydrocarbon production and transportation, and marketing of oil and liquefied natural gas (LNG). Sakhalin Energy is delivering the Sakhalin-2 oil and gas project, which involves the development of two offshore fields: Piltun-Astokhskoye and Lunskoye oil and gas fields in the Sea of Okhotsk of the north-eastern coast of Sakhalin, including production and export of oil and liquefied natural gas (LNG). The Sakhalin-1 oil and gas project is one of the largest single international direct investments in Russia. Exxon Neftegaz Ltd (ENL) is adjusting the schedule and scope of some of its activities at the Sakhalin-1 oil and gas project in far eastern Russia as it moves to cut spending in response to the coronavirus crisis and weak oil prices, it said on Friday. The company is developing the Piltun-Astokhskoye and Lunskoye oil and gas fields on the north-east shelf of Sakhalin Island; its activities include hydrocarbon production and transportation, and marketing of oil and liquefied natural gas (LNG). More recently, development well О-14 in 2015 was drilled to 13,500 m, well Z-40 in 2014 reached 13,000 m, and in 2013 wells Z-43 and Z-42 extended to 12,450 and 12,700, respectively. Sakhalin-1 has been a proving ground for extended-reach drilling (ERD) technology since the first well was drilled there more than a decade ago. Sakhalin II will drain the Piltun Astokhskoye field, which is situated 16km offshore Sakhalin Island’s north-east shore, in the Sea of Okhotsk. The Company's line of business includes operating oil and gas field properties. Sakhalin Oil & Gas Development Co Ltd Sakhalin Oil And Gas Development Company, Ltd. was founded in 1995. Sakhalin-2: one of the world’s largest integrated oil and gas projects.

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