Sakhalin-3 budget about USD 80 million in 2006

Sakhalin-3 budget about USD 80 million in 2006


The budget for the Sakhalin-3 project (Veninsky block) in 2006 will be about USD 80 million, Alexander Kalshchikov, director of the well construction department at Rosneft subsidiary Sakhalin Projects, told Interfax. He said about 70 percent of the budget would be spent on contracts to drill and test the first exploration well at the South-Aiyashsky zone to test five prospects (two oil and three gas). China’s Sinopec will carry out the drilling work and Schlumberger will test the wells. “Drillin...


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