Asset Report
Sakhalin-1 Area
Report summary
The Sakhalin-1 project is operated by Rosneft, in partnership with ONGC and a consortium of Japanese companies. The contract area includes the Arkutun-Dagi, Chaivo and Odoptu (also known as Odoptu-More) oil, gas and gas-condensate fields. They are located on the Sakhalin shelf, 18-40 kilometres offshore, in ice-prone waters with depths of 15-65 metres. Extended reach drilling (ERD), ice-resistant platforms and sub-sea templates are required to fully develop the area. The consortium has been ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Early days
- Exxon and SODECO
- Sakhalin-1 consortium
- ONGC
- Rosneft and Sakhalinmorneftegaz (SMNG)
- Licence extension
- North Chaivo
- Ownership changes following Russia's invasion of Ukraine
-
Geology
- Arkutun-Dagi
- Chaivo
- Odoptu
- Well data
-
Exploration
-
Pre-PSC exploration (1974-1996)
- SODECO
- Sakhalinmorneftegaz (SMNG)
- PSC exploration (1996 onwards)
-
Pre-PSC exploration (1974-1996)
- Reserves and resources
- Production
-
Development
-
Chaivo
- Phase 1 (oil)
-
Odoptu
- Phase 1
- Phase 2
- Arkutun-Dagi
-
Feedgas for LNG (Chaivo phase 2 and Odoptu)
- Rosneft's Far East LNG development
- Supplies to the Sakhalin-2 LNG expansion
-
Chaivo
-
Infrastructure
- Sakhalin-1 oil
- Sakhalin-1 gas
-
Costs
- Exploration costs
- Capital costs
- Operating costs
- Sales contracts
-
Fiscal and regulatory
-
Taxation
- Royalty
- Cost oil
- Profit oil/gas
- Profit tax
- VAT
- Bonus payments
- Payments for past Russian exploration expenditure
- Social spending (Sakhalin Development Fund)
- Rental payments (Exploration)
-
Taxation
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
-
Oil price
- Domestic
- Export
- Gas price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Index map
- Sakhalin-1 map
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production profile
- Development: Image 1
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining Present Value Price Sensitivities
- Participation: Table 1
- Geology: Table 1
- Geology: Table 2
- Development: Table 1
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Fiscal and regulatory: Table 1
What's included
This report contains:
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