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Thursday 24 Jan. 2013  

Sakhalin-1 Consortium Contributes to Sakhalin Oblast Community

- Sakhalin-1 consortium makes US$ 5 million community contribution in 2013
- Funds to support the Sakhalin Oil & Gas Technical Institute, the Sakhalin Children’s Hospital and the Regional Oncological Center

Yuzhno-Sakhalinsk, Russia – Exxon Neftegas Limited, on behalf of the Sakhalin-1 consortium, will make a US $5 million contribution to the Sakhalin Oblast community in 2013.

The contribution will support programs at the Sakhalin Oil & Gas Technical Institute, the Sakhalin Children’s Hospital and the Regional Oncological Center. The contribution was announced today at a Protocol of Intent signing ceremony attended by Sakhalin Governor Alexander Khoroshavin and representatives of Exxon Neftegas Limited.

“This contribution is part of the Sakhalin-1 consortium’s commitment to work with the Oblast government and invest in the future of Sakhalin,” said James Taylor, president of Exxon Neftegas Limited. “The local community will benefit from the enhanced education and health care infrastructure.”

In 2012, the Sakhalin-1 consortium contributed US$ 5 million to the new Sakhalin Technical Institute to enhance a scientific and technical laboratory, purchase geological and analytical chemistry laboratory equipment and develop technical programs.

Both contributions support the Memorandum of Cooperation between the Sakhalin-1 consortium and Sakhalin Oblast government.

Since 1997, Exxon Neftegas Limited has been actively engaged in a variety of charitable initiatives, which include projects funded by the consortium and other projects funded by Exxon Neftegas Limited on behalf of Exxon Mobil Corporation.

Key education projects funded and supported by Sakhalin-1 include:

  • The annual Sakhalin Oblast Teacher of the Year program for the past 10 years;
  • “Eureka – the Road to Success!” math and science initiative in cooperation with the Sakhalin Oblast Ministry of Education for school children throughout Sakhalin; and
  • The Innova student conference since 2010.

Notes to editors:

Exxon Neftegas Limited, an affiliate of Exxon Mobil Corporation, is the Sakhalin-1 project operator. Other project co-ventures are the Japanese consortium, SODECO (30 percent); affiliates of the Russian state company Rosneft – RN-Astra (8.5 percent) and Sakhalinmorneftegas-Shelf (11.5 percent); and the Indian state oil company, ONGC Videsh Ltd., (20 percent).

Sakhalin-1 includes three oil and gas fields - Chayvo, Odoptu, and Arkutun Dagi - located off the northeast coast of Sakhalin Island in the Russian Far East. More detailed information on the Sakhalin-1 Project can be found on http://www.sakhalin-1.com

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