Sakhalin II partners let pipeline, platform contracts

04/26/2004
Earlier this year, Russian authorities approved development of the Sakhalin II Phase 2 crude oil and natural gas development project in the Sakhalin Island region of Russia's Far East just north of Hokkaido, Japan. Contractors are mobilizing for construction on the immense 4 year project, which will cost more than $2.5 billion just on the 2004 work program alone.Sakhalin Energy Investment Co. Ltd. (SEIC), a consortium established in April 1994 to manage the project, is awarding the contracts. SEIC consists of Royal Dutch/Shell Group unit Shell Sakhalin Holdings BV 55%, Mitsui & Co. Ltd. subsidiary Mitsui Sakhalin Holdings BV 25%, and Mitsubishi Corp. subsidiary Diamond Gas Sakhalin BV...
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