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A Global Perspective on Sakhalin Energy Investment Corporation: Part II A recent Sakhalin Energy brochure on its Sakhalin II project frequently blurs the distinction between the early phase of the project and later phases. When the Sakhalin II is viewed from a global perspective, it becomes clear that development beyond the relatively modest oil production scheduled from Molikpaq is uncertain - and that Molikpaq alone is unlikely to produce great oil riches. Sakhalin and the Russian Federation doubtless wish to avoid the kind of problems Alaska experienced while ensuring that Sakhalin and the people of Russia secure the full revenue to which they are entitled. arcticcircle.uconn.edu /SEEJ/Russia/fineberg2.html

Sakhalin II Campaign The report documents that Sakhalin II seismic examinations present incomplete, inaccurate and contradictory information, understates seismic risks, fail to provide documentation of site-specific risks at individual fault crossings, and base their findings on hazards to people, but not to the environment. The report casts doubts on assurances of project safety made by Shell to public finance institutions that are considering funding for Sakhalin II. This independent seismic report shows that risk and impacts of earthquakes from the Sakhalin II project are greater than Shell publicly admits, and more than these public institutions should bear." www.commondreams.org /cgi-bin/newsprint.cgi?file=/news2004/0302-07.htm

sakhalin Case study: Sakhalin II At present, Sakhalin II (phase I) is one of the largest among oil and gas projects supported by MDBs in Russia: it ranks third in the amount of the EBRD oil and gas financing in the country. The consultation process on Sakhalin II resulted in non-compliance with the country’s requirements, and this issue was obviously left by the bank to be discussed and settled down with the Russian authorities and not the EBRD staff. According to the Russian legislation [lxxii], since Sakhalin II pre-supposes the benefits and impacts at the national scale and involves foreign participation, the EIA hearings and consultations are to be conducted at the federal level. www.bankwatch.org /publications/studies/leakingop/sakhalin.html

Sakhalin Fact Sheet The Sakhalin II project is being developed by Shell, Mitsubishi, and Mitsui, and entails the development of Russia's first LNG facility, to be built on the southern tip of the island, near the town of Prigorodnoye (see map). Sakhalin III-VI Areas of Sakhalin island lying to the north and southeast of Sakhalin I and II are at various preliminary stages of development. Sakhalin II Project Overview Presentation - Includes detailed maps www.eia.doe.gov /emeu/cabs/sakhalin.html

Sustainable Energy & Economy Network The Sakhalin II block holds estimated reserves of 1 billion barrels (137 million tons) of oil in the Piltun Astokhskoye field, and 14 trillion cubic feet of gas in the Lunskoye field. Gas from Sakhalin II may be liquefied and exported to Japan, South Korea, and China. Project Profile: Sakhalin II oil and gas development www.seen.org /db/Dispatch?action-ProjectWidget:445-detail=1

SAKHALIN LEADS THE WAY Sakhalin I and II are the largest foreign investment projects currently active in Russia. At the same time, Sakhalin I and II are expected to impact many sectors in addition to oil and gas. The two Sakhalin II fields contain 100 million tons of hydrocarbon liquids and 494 million cubic meters of gas, and will draw $10 billion in investment from the four project participants, Marathon (U.S.), Mitsui (Japan), Shell (Netherlands), and Diamond Gas Sakhalin (Japan). permanent.access.gpo.gov /lps3997/9709sk.htm

Madison Energy Advisors - Oil and gas property sales Sakhalin II's reserves are estimated at 17.3 tcf of gas and 1 billion bbl of oil. Sakhalin II will facilitate year-round oil and gas production in northern Sakhalin Island by piping it through two large-diameter onshore oil and gas pipeline systems to ice-free ports in southern Sakhalin (OGJ, Apr. 26, 2004, p. HOUSTON, July 14 -- Sakhalin Energy Investment Co. (SEIC) has warned of sharply higher costs for Phase 2 of the Sakhalin II project in Russia's Far East, according to Royal Dutch/Shell Group, parent of the lead partner. madisonenergy.com /news/news_display.cfm?Section=NEWS&ArticleID=232326

Shell Doubles Cost Projections of Sakhalin II, Project Critics Redouble Opposition - Rainforest Action Network News Sakhalin II is an oil and gas extraction project taking place off of the east coast of Russia that is already producing oil. While the social and environmental risks of the Sakhalin II are important considerations for EP banks and non-EP banks alike, financial risks may prove the make-or-break considerations over whether to fund the project, according to BankTrack founder Michelle Chan-Fishel. The company also says it is conducting appropriate risk management on the Sakhalin II project, which exploits oil reserves in the Piltun Astoskhskoye field off the island. www.ran.org /news/newsitem.php?id=1550&area=home

European Bank waits for environmental statement on Sakhalin II Two oil and gas fields, at Lunsk and Piltun-Astokh, are to be developed under Sakhalin II on Sakhalin's northeastern shelf. A Product Sharing Agreement for Sakhalin II was signed on June 22, 1994 and came into force immediately after signing. Ensuring that the development of the deposit had a minimal effect on Sakhalin's unique ecosystem, its valuable bio-resources, including gray whales in the Terpeniya Bay in the north of the island, is one of the most important tasks facing both the operators of the project and Russia's authorities. www.russiajournal.com /russian/news_48480.html

PLATFORM Carbon Web - Shell's Sakhalin II project, Russia The Sakhalin II integrated oil and gas project is situated at Sakhalin Island in Russia's Far East, and is being developed by a consortium led by Shell. Sakhalin II is being developed under a form of contract known as a Production Sharing Agreement (PSA) - signed between the project consortium and the Russian government in June 1994. Credit Suisse First Boston - which is Shell's financial adviser on Sakhalin II, despite also being a signatory of the Equator Principles - has come under considerable pressure from civil society to sever its links with the project, including demonstrations at its offices in New York and Zurich. platformlondon.org /carbonweb/sakhalin.htm

Sakhalin II oil and gas development project Phase 2 of Sakhalin II involves the installation of an offshore platform on an existing oil field and the installation of a single large platform on a gas field. Phase 2 of Sakhalin II is a USD 10 billion oil and gas development in Far East Russia. The Sakhalin Energy Consortium is led by Shell, with Mitsubishi and Mitsui as the other key shareholders. www.panda.org /about_wwf/where_we_work/europe/where/russia/sakhalin

OilOnline - The Original Online Source for the Oil Industry Much as Sakhalin II is out of the gates, a number of make-or-break project milestones have still to be passed by this August if the second phase of the development is to cross the finish line as scheduled four years from now with first flow. First flow from Sakhalin I — trumpeted last year as one of the ‘next wave of major new deposits’ by ExxonMobil executive vice president Harry Longwell — is scheduled, as at Sakhalin II, for 2005, with total reserves estimated to be in the region of 2.3 billion barrels of oil and 17 tcf of gas. ‘The second phase of the Sakhalin II development, like the first phase, is a groundbreaking development,’ states McVeigh. www.oilonline.com /news/features/oe/20020226.Sakhalin.8281.asp

The Sakhalin II PSA Also, to the alarm of the international conservation community and the International Whaling Commission, Sakhalin II poses a direct threat to the critically endangered population of approximately100 remaining Western Pacific Gray Whales. When a project is as badly conceived across the board as Sakhalin II is, you can either sort it out or spin it. Shell recently launched a charm offensive to boost the controversial Sakhalin II project, claiming that the state will receive USD 45 billion in direct income over the 49 year lifetime of the project. www.pacificenvironment.org /infocenter/Reports/sakhalin_psa.htm

About Shell - Sakhalin II Shell is the leading partner in Sakhalin Energy, a consortium that is developing the world’s largest single integrated oil and gas project.  The multi-billion dollar Sakhalin II project, which will construct Russia’s first liquefied natural gas (LNG) plant, strengthens our position as one of the country’s leading foreign direct investors in the energy sector. Sakhalin II will create permanent work for up to 2,400 people and jobs for 12,000 more during the construction period. Sakhalin Energy is a consortium comprised of Shell (55 percent share) Mitsui and Co. Ltd (25 percent) and Mitsubishi Corporation (20 percent). www.shell.com /home/Framework?siteId=royal-en&FC2=&FC3=/royal-en/html/iwgen/our_strategy/strategy_in_action/sakhalin/strategyinaction_sakhalin_30032004.html

foei campaigns: ifi Sakhalin II oil spill risks include potential leaks and ruptures from off-shore platforms, from hundreds of kilometers of off-shore and on-shore pipelines, and from potential tanker accidents in the congested Aniva Bay and the La Perouse Straights. The Sakhalin II project is in an area of very high seismic risks, and earthquakes of 8.0 are not uncommon. The Western Grey Whale population off Sakhalin Island is under threat by a the proposed construction of a series of oil pipelines, to be built by Shell and financed by a number of UK financial institutions. www.foei.org /ifi/sakhalin2.html

Pipeline :: Serving the energy industry across the Middle East The signing of today’s contract follows Sakhalin Energy’s May 15, Declaration of Development Date for the Lunskoye Field – an announcement which marked the official launch of the full Sakhalin II Project worth approximately $10 billion. The Contract was awarded for the Sakhalin II Phase 2 Project, Onshore Processing Facility (OPF). In May, Sakhalin Energy announced its first two sales deals with Tokyo Gas and Tokyo Electric for a total of 2.3 million tonnes per annum of LNG from the Sakhalin LNG plant for periods in excess of 20 years. www.pipelinedubai.com /press/pr_0755.htm

Offshore Technology - Sakhalin Energy Oil and Gas Field Project - Sakhalin II - Sea of Okhotsk Sakhalin II Sakhalin I consists of the development of the Odoptu field (oil and gas, discovered in 1977) and the Chayvo field (mainly gas, discovered in 1979). With the Canadian conditions matching the operating conditions in the Sea of Okhotsk, the Sakhalin II team examined the Molikpaq in 1995, with a view to using it as a possible platform, for achieving early oil economically. The Molikpaq SALM is deployed for use on the Sakhalin II project. www.offshore-technology.com /projects/sakhalin

Russian Sakhalin Island Sakhalin II will without a doubt be the largest of its kind for some time to come. Sakhalin is the fourth largest in industrial manufacturing out of the nine Far East regions, a figure the exhibition hopes to improve this year. The Sakhalin oil and gas projects, which have grown into one of the largest direct investments in the Russian economy, involve the participation of a large number of Russian and foreign suppliers, manufacturers, construction and design companies and accompanying service providers. www.lngplants.com /RussianSakhalin.htm

Sakhalin II - Moving offshore pipelines should not lead to moving of goalposts for public lenders - Rainforest Action Network News In 2003 the European Bank for Reconstruction and Development (EBRD) determined that the Sakhalin II project's Environmental and Social Impact Assessment is "unfit for purpose" and said that it will not finance the project unless fundamental social and environmental problems are resolved. Today's announcement from Sakhalin Energy does nothing to allay fears about other highly hazardous aspects of the Sakhalin II project's environmental and social impacts, including the need to develop an adequate Indigenous Peoples plan. Sakhalin II - Moving offshore pipelines should not lead to moving of goalposts for public lenders www.ran.org /news/newsitem.php?id=1412&area=

Sakhalin II Oil and gas project There will be the construction of two new oil and gas platforms in the north of Sakhalin; the construction of two 800 km oil and gas pipelines running through the whole island; the construction of a Liquid Natural Gas production plant; and the construction of an oil and LNG terminal in Aniva Bay. Pipeline crossings across all spawning rivers and streams on Sakhalin Island must be made with a bridge over the river, on specially designed suspension systems, to avoid damage to the streambed and water channels. But what will it mean for the people and environment on Sakhalin? www.sakhalin.environment.ru /en

Friends of the Earth: Press Releases: : Shell's new Sakhalin II pipeline route still puts whales at risk Friends of the Earth today condemned Shell's announcement that it will relocate the controversial Sakhalin II Pipeline, pointing out that the new plans will still not ensure the safety of whale populations. "Shell has finally admitted the need to move the route of Sakhalin II, but unless Shell moves the oil drilling platform, the future of the western grey whale is still in serious jeopardy. Contact Us Shell's new Sakhalin II pipeline route still puts whales at risk www.foe.co.uk /resource/press_releases/shells_new_sakhalin_ii_pip_31032005.html

Global Coalition on Environmental and Human Rights to CSFB: Oil is Over, Fund the Future Sakhalin II, a $12 billion Shell-led operation on Russia’s Pacific Coast is the single largest oil and gas project ever undertaken. According to Project Finance magazine, the $12 billion Sakhalin II project is “the biggest single integrated oil and gas project ever undertaken.” The highly controversial mega-project includes plans for two oil platforms located near the only known feeding ground of the critically endangered Western Pacific Gray Whale. If Sakhalin II proceeds as planned, toxic oil will move from offshore platforms through an earthquake zone and down and 800-kilometer pipeline that crosses 24 active seismic faults and more than 200 wild salmon spawning rivers and tributaries. www.commondreams.org /cgi-bin/print.cgi?file=/news2005/0630-01.htm

Alexander's Gas & Oil Connections - Ecologists to fight Sakhalin-II oil project Sakhalin island is Russia's richest fishing area and its catch is the local populace's chief source of profit. Deposits involved in the Sakhalin-2 project are estimated at 140 mm tons of oil and 400 bn cm of gas respectively. Shell has a 55 % majority holding in Sakhalin Energy, with Japanese companies Mitsui Sakhalin (25 %) and Mitsubishi's Diamond Gas Sakhalin (20 %) holding the remaining shares. www.gasandoil.com /goc/news/ntr34804.htm

Friends of the Earth - Campaigns Sakhalin II holds estimated reserves of 1 billion barrels of oil in the Piltun Astokhskoye field, and 14 trillion cubic feet of gas in the Lunskoye field. The $650 million first phase of Sakhalin II is being undertaken by Sakhalin Energy Investment Company, Ltd., in which Houston, Texas-based Marathon Oil Company was a 37.5 percent interest. Cumulative Greenhouse Gas Emissions: Sakhalin II will result in 1129.9 tons of carbon dioxide emissions over its lifetime under the Pace University Methodology. www.foe.org /camps/intl/eca/top5.html

Sakhalin II (Phase 1) Oil Project [EBRD - Project Summary Document] c) Meetings: Since the original feasibility study in 1992, the Company has met with the Congress of Indigenous Peoples on the Island and with different fisheries regarding the Phase I project and the larger Sakhalin II development. The development of these fields is generally referred to as the Sakhalin II project. Sakhalin Energy Investment Company Ltd. The company's business is the development of the Lunskoye and Piltun-Astokhskoye oil and gas fields located off Sakhalin Island under a Production Sharing Agreement with the Russian Federation entered into in June 1994. www.ebrd.com /projects/psd/psd1997/3321.htm

Sakhalin II Project Called Sakhalin II, it is the most technologically advanced of the projects on the Sakhalin Shelf and will export Russia's first Liquefied Natural Gas (LNG) to the growing economies of Asia. The concrete gravity base substructure (CGBS) for the Sakhalin II Phase 2 Project’s Piltun-Astokhskoye B (PA-B) platform commenced its journey to Sakhalin,... Sakhalin Energy announced today that it has signed a long-term Sales and Purchase Agreement for 1.5 million tonnes per annum (mtpa) of LNG for 20 years to Korea Gas Corporation (KOGAS). www.sakhalinenergy.com

News from RAIPON Adverse impacts of Sakhalin II on the livelihoods and environment of Nivkh, Nanai, Ulta, and Evenki people, and the lack of responsiveness to these concerns by Shell and SEIC compel indigenous peoples to launch direct action protests against Sakhalin II, which began January 20, 2005. We urge you to exercise your authority to require that the Sakhalin II project conduct an independent Ethnological Expertisa (cultural impact assessment), support a Sakhalin Indigenous Peoples' Development Fund, take immediate action to mitigate the harmful impacts of the Sakhalin II project on indigenous peoples, and otherwise comply with your environmental and social policies. We understand that the EBRD has determined the Sakhalin II, Phase 2 EIA is unfit for purpose for many of the same reasons that concern us. www.raipon.org /english/news/index.cfm?requestedItemId=1321

Sakhalin Shelf In general, the development of Sakhalin I and Sakhalin II Projects is estimated at USD 15 billion. Additionally, “Sakhalin Energy” will start drilling producing wells from the Molikpaq platform, which is to be installed by the end of summer of 1998 at a distance of about 16 km off the shore, which is within the territorial waters. During the drilling seasons of 1997 and 1998, the inspectors from the Sakhalin State Environmental Committee and from the Sakhalin Region Specialized Marine Inspectorate were present on all the marine jack-up rigs, and thus, all the work on shelf was under permanent supervision of the State nature protection agencies. www.science.sakhalin.ru /Ecology/Shelf_E01.html

AMEC Awarded Sakhalin II Contract The Sakhalin II project involves the development of the Piltun and Lunskoye oil and gas fields by Sakhalin Energy Investment Company, a joint venture between Shell, Mitsui and Mitsubishi. AMEC has been awarded a contract to undertake the next stage of detailed engineering, project management and construction support on the massive "frontier" Sakhalin II offshore development in the Russian Far East. The project is one of the largest oil and gas developments in the world. www.contractorsunlimited.co.uk /news/030203b.shtml

OilOnline - The Original Online Source for the Oil Industry The uniquely challenging combination of seismic activity and extreme ice conditions offshore Sakhalin Island has demanded new safety thinking for the design of the two platforms in the Sakhalin II development. 'Sakhalin's seismic activity can be rated alongside that of the Persian Gulf or New Zealand, but while both of these regions have offshore oil production, the size of the platforms involved is much smaller than we have on Sakhalin II, making our design challenge a very significant one. Development of the Sakhalin II fields, reportedly costing around $12 billion, includes construction of two very large offshore installations, one sited in each field, the PA-B and Lun-A drilling and production platforms, plus onshore installations for processing the produced fluids and converting the gas to LNG for export. www.oilonline.com /news/features/aog/20050120.Simmerin.16919.asp

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