In 2009-2011 the total investment in projects with Rosneft on Sakhalin Island are projected at $ 232 billion rubles. Told about it, Peter O'Brien, vice president of OAO NK Rosneft, in Yuzhno-Sakhalinsk at the conference Oil and gas of Sakhalin.

For three years the project is expected to produce 27.9 million tons of oil and 8.4 billion cu.m. of gas, to conduct 2D seismic work in the amount of 2,45 thousand km and 3D - in the amount of 911 sq. km. It is planned to drill 76 wells.

P.O `Brian added that Rosneft has outlined an extensive program of work on the Sakhalin shelf projects such as Sakhalin-1 and Sakhalin-3 (Veninsky block), Sakhalin-5 (Kaigansko Vasyukansky-block) and Lebedinsky plot. Oil production at Sakhalin in the framework of these projects is planned at 9 - 9.5 million tons annually, while the share of Rosneft will be 3 - 3.5 million tons. Gas production will grow from 2.5 billion cubic meters in 2009 to 3.3 billion in 2011, while the share of Rosneft will have 1,2-1,3 billion cubic meters. The bulk of seismic will be carried out within the framework of exploration projects Veninsky, Kaigansko-Vasyukanskogo and Lebedinsky sites. In 2009-2011 is expected to be drilled 4 exploratory wells.

Just the implementation of offshore projects with Rosneft on Sakhalin since the beginning of July 2009 invested $ 13 billion

The company considers promising for the licensing and examination Lisyansky and Kashevarovsky areas on the shelf of the Okhotsk Sea in the Magadan region. Rosneft also considers two promising exploration sites in the Sakhalin region. These include the plot Astrahanovskoe Sea - Nekrasovskij and part Northern tip Chayvo-sea. The presentation P.O 'Braena emphasized that these areas are most promising for licensing in 2009-2010.

However, in his speech P.O `Brian said that Rosneft considers necessary to introduce a set of incentives to encourage the development of the Far Eastern shelf of Russia. Vice-President stressed that the projects in the Far East shelf carried out without contractors, harsh climatic conditions, remote from the infrastructure and to stimulate their development seems appropriate to reduce the tax base in the amount of costs incurred for exploration, in the first year development project - up to 100 %.

According to Rosneft, for such deposits to be worked through a system linking the tax base to the main results of the company, that is - for profit, not revenue. In addition, it would be very effective to differentiate the tax on extraction of minerals (MET) on the stages of development, the depth of the shelf and the geological and geographical location of sites. It is also necessary to introduce mechanisms for accelerated depreciation of fixed assets used to develop the shelf, the company believes.

P.O `Brian said that Rosneft is actively working with the Ministry of Energy of Russia on reform of the tax base for the industry, including the Far East shelf. He also said that Rosneft achieved a reduction in unit costs of oil production. If in the second quarter 2008 unit costs were approximately $ 3 per barrel of oil, in the second quarter of 2009 slowed to 2.5.

Responding on the sidelines of the conference on questions of journalists, P.O `Brian also said that the company has already begun negotiations for the sale of the pipeline Vankor-Purpe connecting Vankor field with a system of Transneft . This issue will be discussed, and is already being discussed in working order, - he said. According to him, the transfer of oil, Rosneft should analyze the cost of the project, the need for companies in the infrastructure because of the planned increase in production at Vankor, the tariff component, and many other issues.

In addition, the vice-president of Rosneft, commented on the results of the company of a number of crisis-related measures, in particular, with downsizing, cost optimization of power consumption of fuels and lubricants, improved logistics and optimization of transportation costs.
Ministry of Natural Resources: The Program for the Study and Development of the shelf of Russia in 2010-2039 gg. be 9.3 trillion rubles
Review of the precious metals market for 30.09.09
Dollar strengthens its position after the release of data on unemployment benefits
The negative of the euro area only accelerated the long emerging from a pair of Eurodollar correction
Dollar exchange rate has risen - the evening review of cash markets
In Romania's ruling coalition split
Trichet: Sharp fluctuations in exchange rates have a negative impact on the economy
Alan Greenspan: The U.S. economy is already waiting for the recession in early 2010
Forex - in the European session