India's ONGC Says No Clarity on Resumption of Sakhalin-1

Chen Aizhu
Monday, September 26, 2022

India's Oil and Natural Gas Corp ONGC.NS said on Monday there was no clarity on the resumption of its oil and gas project Sakhalin-1.

Production at Sakhalin-1 was "minimized" shortly after the Ukraine war started and there is no clarity or timeline yet when it could be resumed, ONGC officials told Reuters on the sidelines of the 38th Annual Asia Pacific Petroleum Conference (APPEC) 2022.

The project was hit due to force majeure declared by the operator, Exxon Mobil Corp, after sanctions against Russia had made it difficult to ship crude to customers.

ONGC Videsh, the overseas investment arm of India's ONGC, Exxon Mobil Corp and Japan's SODECO are partners in the Sakhalin-1 project. ONGC Videsh owns a 20% stake in the project.

(Reuters / Writing by Mohi Narayan; Editing by Kim Coghill)

Categories: Energy Industry News Activity Production Asia

Related Stories

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Current News

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com