20 Jan 2010 14:15


YUZHNO-SAKHALINSK. Jan 20 (Interfax) - Production of oil at the Sakhalin-1 project, implemented under a production sharing agreement, could decrease by 8.6% in 2010 in comparison with 2009, the Sakhalin Ministry of Natural Resources And Environmental Protection told Interfax.

The ministry said that oil production in 2010 on the project could come to 7.5 million tonnes, down from 8.2 million tonnes in 2009.

Production of gas at Sakhalin-1 in 2010 could drop by 5.6% from 9 billion cubic meters (bcm) to 8.5 bcm.

Production of oil at Sakhalin-2, also part of a PSA, could increase this year by 25.9% from 5.4 million tonnes to 6.8 million tonnes.

Gas output at Sakhalin-2 is forecast to increase by 59% from 9.1 bcm in 2009 to 14.5 bcm in 2010.

The increase in Sakhalin-2's results will likely be the result of the project moving to full functioning capacity. In 2008, the company set to work on year-round oil production and, in February 2009, launched a gas liquefication plant.

Total oil production in Sakhalin in 2010 could increase by 4.1% to 16 million tonnes while gas output could go up by 19.2% to 23.7 bcm.