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| | Sakhalin-1, a victory for consortium of four states: Terni - World News - Webindia123.com |
 | | President of Exxon Neftegaz, the operator of Sakhalin-1 project, Steve Terni today said that the successful start of the production of the first oil and gas under the project was a victory for the consortium of four states, including US, Russia, India and Japan. |
 | | Terni announced that oil and gas will be extracted through unique horizontal wells, drilled from shore to fields nearly 12 kilometers offshore - the longest extended-reach wells ever built by Exxon Mobil. |
 | | At the initial stage, the Chayvo field is expected to produce 50,000 barrels (6,300 tonnes) of oil, daily, but the daily output is to increase to 250,000 barrels (33 tonnes) by the end of 2006. |
| news.webindia123.com /news/showdetails.asp?id=126987&n_date=20051002&cat=World (368 words) |
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