Shareholders of "Sakhalin-1" got off from shark Igor Sechin with little blood

"Rosneft" will receive 230 million dollars instead of 89 billion rubles.
28.09.2018
Kommersant
Origin source
As suggested by Kommersant, Rosneft and the participants of the Sakhalin-1 offshore PSA project - ExxonMobil, the Rosneft structure itself, the Indian ONGC and the Japanese Sodeco - agreed on a peaceful settlement of the dispute, in which the Russian company demanded with the consortium 89 billion rubles. damages. The lawsuit filed by Rosneft in July related to the flow of oil from its northern end of Chayvo to the Sakhalin-1 Chayvo field. According to Reuters, within the framework of the global investors, Sakhalin-1 will pay Rosneft only $ 230 million.

The Sakhalin-1 consortium, an oil production project under a production sharing agreement (PSA), agreed with Rosneft on a peaceful settlement of the oil transfer dispute, Reuters reported, citing Naryndra Verma, managing director of ONGC Videsh. The Russian company filed a lawsuit in mid-July for 89 billion rubles. to the operator of the PSA project Exxon Neftegaz (owned by American ExxonMobil, owns 30% of Sakhalin-1), its own structures Sakhalinmorneftegaz-Shelf and RN-Astra (cumulatively 20% in the PSA), ONGC (20%) and the Japanese Sodeco (30%). According to Reuters, the consortium participants agreed to pay the Russian oil company $ 230 million (about 15 billion rubles at the current exchange rate).

Rosneft does not comment on the topic. It was not possible to contact the representative of Exxon quickly.

In the summer disclosure of ONGC, it was specified that Rosneft’s claims relate to the flow of oil from the Russian company’s North End Chayvo field to the neighboring Sakhalin-1 Chayvo field. The fact that the parties could reach an amicable settlement was suggested in the summer by lawyers interviewed by Kommersant, referring to the general practice of resolving such disputes. Then ONGC itself declared about such negotiations.

It follows from ONGC data that Rosneft calculated losses from Sakhalin-1 actions since 2005 (then commercial production began under the PSA), when the state-owned company did not yet have a license for the Chayvo northern end (issued in 2011, from 2013). Sakhalin-1 served for Rosneft for drilling services at the field). Production at the Rosneft asset began in 2014 using the Sakhalin-1 infrastructure, but in 2017 it fell 1.7 times to 1.4 million tons.

The meeting on the claim of "Rosneft" in the Arbitration Court of the Sakhalin Region is scheduled for November 2.

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