Large oil and gas projects on Sakhalin I and Sakhalin II off Russia's Pacific coast last year brought in $857 million and $794.6 million, respectively, the Industry and Energy Ministry said Thursday according to RIA Novosti.
Oil output at Sakhalin I, operated by Exxon Neftegas Limited, a subsidiary of U.S. oil major Exxon, under a product-sharing agreement with the Russian government, totaled 2.6 million metric tons (18.8 million bbl) in 2006. The operator began exporting locally produced crude to Japan, Korea and India last October, and has sold some 2.452 million tons (18.02 million bbl) to those countries since.
Natural gas production on Sakhalin I grossed 1.1 billion cubic meters, with 0.682 billion cu m supplied to consumers in nearby Russian regions.