Sakhalin-1 Continues Training Personnel
Yuzhno-Sakhalinsk October 6, 2003 -- Exxon Neftegas Limited (ENL), Operator of the Sakhalin-1 Project, has announced that 59 technician trainees have begun training for positions to operate the Sakhalin-1 Project production facilities now under construction. The 59 trainees were selected from over 1500 applications and represent the second group of trainees hired by ENL.Fifty-six trainees are Sakhaliners from Yuzhno-Sakhalinsk and the Sakhalin oblast districts. Three trainees are from DeKastri, the site of the Sakhalin-1 Project's oil export terminal facilities. The trainees are joined by three engineers who are also receiving instruction at the Sakhalin-Alaska college in Yuzhno-Sakhalinsk, prior to being assigned to ExxonMobil companies in the US.
ENL's first group of 48 trainees was selected in November 2002. Thirty-four of these trainees are already receiving advanced skills training at US and Canadian technical institutes. There are also two engineers currently in training assignments at ExxonMobil offices in Houston, Texas.
In addition to these long-term jobs in the future production organization, approximately 13,000 Russian jobs are expected during the short-term construction phase, either directly or indirectly associated with the Sakhalin-1 Project, according to independent socio-economic studies.
The Sakhalin-1 Project, the largest foreign direct investment project in Russia, includes the Chayvo, Odoptu and Arkutun Dagi fields. It has recoverable resources of approximately 307 million tons (2.3 billion barrels) of oil and 485 billion cubic meters (17 trillion cubic feet of gas).
Project Information
The Sakhalin-1 Project, the largest single foreign direct investment project in Russia, includes the Chayvo, Odoptu and Arkutun Dagi fields. It has potential recoverable resources of approximately 2.3 billion barrels (307 million tons) of oil and 17 trillion cubic feet (485 billion cubic meters) of gas. Capital investment on full field development is estimated at over US$12 billion. The first phase investment will total approximately US$5 billion, with more than US$1.7 billion spent on Project activities to date.In addition to ENL (30 % interest, operator), Sakhalin-1 Consortium members are the Japanese company Sakhalin Oil and Gas Development Co., Ltd. (30 %), Indian company ONGC Videsh Ltd. (20 %) and two Russian companies, Sakhalinmorneftegas-Shelf (11.5 %) and RN-Astra (8.5 %).
For more information on the Sakhalin-1 Project, please contact Glenn Waller (Moscow 095 564-8950) or Michael Allen (Yuzhno-Sakhalinsk 4242 468812) or logon to the Sakhalin-1 website (www.sakhalin1.ru or www.sakhalin1.com).