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Sakhalin Energy About Russian Content

Source: www.gulfoilandgas.com 11/14/2016, Location: Asia

Sakhalin Energy has released a new brochure on the development of Russian content in the Sakhalin-2 project. The publication contains general information about the project, the most vivid examples of cooperation with the leading enterprises of the Russian industry and services, as well as information about the Russian vendor development programme. Particular attention is paid to development projects, opening up new opportunities for domestic enterprises.

Increasing Russian content is one of the principal conditions of the Production Sharing Agreement (PSA) and a key target for Sakhalin Energy. Participating in the Sakhalin-2 project, Russian companies gain access to unique opportunities to modernise their assets, introduce state-of-the-art technology and adopt international quality, safety and environmental protection standards. It clearly enhances their competitiveness both domestically and internationally, and also forms a solid foundation for further development of the Sakhalin-2 project.

Over the last two years, the company awarded more than 5.8 thousand contracts to Russian enterprises. The combined value of these contracts is 3.78 billion US dollars, or 84 percent of the total value of all contracts executed during that time period. Getting a number of major contracts awarded to and a number of cooperation agreements signed with Russian shipbuilders, equipment manufacturers and steel producers over this period is a significant achievement for the company.

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