Gazprom to Launch Commercial Production from Kirinskoye in 2014

Russia’s Gazprom said it would launch commercial gas production from the Kirinskoye field in 2014, 28 kilometres to the north-east of the Sakhalin Island, reads a note released on Thursday. 

C1 reserves of the field amount to 162.5 billion cubic meters of gas and 19.1 tons of gas condensate. Projected gas production is 5.5 billion cubic meters a year. 

The announcement was made during a meeting between Gazprom’s Alexey Miller and Alexander Khoroshavin, Governor of the Sakhalin Region, on Tuesday. 

According to the company, Gazprom invested RUB 250 billion (€ 5.3 billion) over five years in the last four years. 

‘The funds were mainly allocated to the following strategic projects of Gazprom: the construction of the Sakhalin – Khabarovsk – Vladivostok gas transmission system (GTS), pre-development of the Kirinskoye gas and condensate field (Sakhalin III) and construction of a gas pipeline from the onshore processing facility of the Kirinskoye field to the Sakhalin main compressor station of the Sakhalin – Khabarovsk – Vladivostok GTS. This year the capital investments will make up RUB 10 billion,’ reads the note.