CORRECTED: Investment in Sakhalin projects involving Rosneft could be 232 bln rubles in 2009-2011
(Headline, first paragraph adjusted)
YUZHNO-SAKHALINSK. Oct 1 (Interfax) - Investment in Sakhalin hydrocarbons projects involving Rosneft could total approximately 232 billion rubles in 2009-2011, Peter O'Brien, the oil company's vice president, said at the Sakhalin Oil & Gas 2009 conference.
Rosneft plans to lift 27.9 million tonnes of oil and 8.4 billion cubic meters of gas there in the three years, he said. It plans 2,450 km of 2D seismic surveying and 911 square km of 3D, and to drill 76 wells.
O'Brien said Rosneft planned an extensive program of works in the Sakhalin shelf related to the Sakhalin-1 project, the Sakhalin-3 Veninsky block, the Sakhalin-5 Kaigansko-Vasyukansky block and the Lebedinsky section.
Planned oil production under these projects is 9 million-9.5 million per year, and Rosneft will produce 3 million-3.5 million tonnes of that. Gas production should rise from 2.5 bcm in 2009 to 3.3 bcm in 2011, with 1.2 bcm-1.3 bcm of this attributable to Rosneft.
Most of the seismic work will be carried out at Veninsky, Kaigansko-Vasyukansky and Lebedinsky, with plans to drill 4 prospecting wells at these sites in 2009-2011.
Investment in Sakhalin offshore projects involving Rosneft was $13 billion as of July this year.