Exxon Working on Sakhalin-1 Exit

Ron Bousso
Wednesday, October 5, 2022

Exxon Mobil XOM.N is working with its partners on the U.S. company's exit from the Sakhalin-1 oilfield in eastern Russia, its head of upstream operations said on Tuesday. Production from the giant field, which Exxon operates and in which it owns a 30% stake, has been largely shut in because of western sanctions against Russia, Liam Mallon told the Energy Intelligence Forum conference in London.

"We continue to work very diligently with the Russian Federations and our partners ... to progress our exit," Mallon said, adding that discussions were "intensive."

(Reporting by Ron Bousso/Editing by David Goodman)

Categories: Energy Industry News Activity Europe Asia Regulations

Related Stories

Turkey Discovers New Black Sea Gas Reserve

Turkey Discovers New Black Sea Gas Reserve

Akastor Cancels $25M Sale of Skandi Peregrino AHTS Vessel

Akastor Cancels $25M Sale of Skandi Peregrino AHTS Vessel

EMGS Diversifies Business with Siem Day Subsea Construction Vessel Buy

EMGS Diversifies Business with Siem Day Subsea Construction Vessel Buy

Current News

Equinor, Polenergia Agree on Polish Offshore Wind Project

Denmark Plans Offshore Wind Tender With Up to $8.3 Billion Subsidy

Halliburton Launches EarthStar 3DX Horizontal Look-Ahead Resistivity Service

ConocoPhillips Hires Subsea7 for FEED Work Offshore Norway

Subscribe for OE Digital E‑News

Offshore Engineer Magazine