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19 December 2011

By order of the government of the Russian Federation Oil Company Rosneft has been granted five blocks on the Sea of Okhotsk shelf for geological surveying, exploration and development. The five blocks are Magadan-1, 2 and 3, Lisyansky and Kashevarovsky. According to Rosneft estimates, total recoverable resources at these deposits stand at over 1.1 billion tonnes of liquid hydrocarbons and 2 trillion cubic metres of gas, including 850 million tonnes of oil and 1.789 trillion cubic metres of gas at the Magadan-1, 2 and 3 blocks.

12 December 2011

OJSC Rosneft and Sakhalin Energy have signed a long-term agreement under which Rosneft will supply bunker fuel through its terminal at the Russian port of Nakhodka to the operator of the Sakhalin-2 project. Before the Rosneft agreement was signed, Sakhalin Energy's oil tankers and LNG carriers could only use bunkering at ports in Korea, Singapore and Hong Kong. The Sakhalin Island was the first tanker to use bunkering as part of the agreement.