(The Gist of PIB) Sakhalin oil field
[NOVEMBER-2019]

Sakhalin oil field

• Minister of Petroleum and Natural Gas and Steel recently visited Sakhalin oil field in Russia. 

Background 

• ONGC Videsh Limited has 20% stakes of Sakhalin-1 since 2001, as a part of Late Atal Bihari Vajpayee’s vision of developing energy links with Russia”.

Key highlights 

• It is a prolific oil producing field like Bombay High.
• Exxon Mobil, Rosneft, Japanese SODECO and ONGC Videsh are the partners in this field which will continue to produce oil and gas till 2055. 
• He visited the Rig “Krechet” which is the biggest and most powerful land rig in the world. 
• It is a covered rig to allow people to work in extreme temperature (-40 degree Celsius in winter)- it drills up to 14 KM in horizontal drilling.

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Courtesy: PIB