Industrial extraction start at Arkutun-Dagi is expected in December 2014

The companies-participants of “Sakhalin-1” are about to start drilling at the deposit Arkutun-Dagi within the framework of the project in August and produce the first oil in December 2014. The press-service of the Sakhalin region states summing up the results of the meeting of the regional governor. A.Khoroshavin with the federal authorities and the management of the operator Exxon Neftegas Ltd.

According to the governor of the region, start-up operations at the topside of the new drilling platform are almost finished. It will be delivered to the Arkutun-Dagi deposit from the republic of Korea.

The governor also stated that the production peak at Arkutun-Dagi will make up 4.5 million tons of oil. There was produced more than 7 million tons of oil and about 10 billion cubic meters of gas at “Sakhalin-1” in 2013.