05.07.2009

Salt cavern leaching is the process of drilling a well into a salt formation and cycling large amounts of water through the well to dissolve some of the salt and thus create a cavern for the storage of natural gas. Salt cavern leaching is used to create caverns in both salt dome and salt bed

A special well log that produces an estimate of the relative amounts of oil, gas, or salt water in a formation

A purchasing deal whereby a private producer of electrical energy sells all or part of it to the holder of a transmission license, according to the conditions in these regulations and the appropriate production plan, whose format is determined by the Authority (non dispatchable)

A purchasing deal whereby the producer places his available capacity at the disposal of the holder of a transmission license according to a suitable production plan in a format determined by the Authority, and sells him electrical energy or part of it, according to the requirement from the system manager (dispatchable).

Such as a sales and purchasing agreement between a gas producer and a gas consumer

This project involves the development of two offshore fields containing mostly gas with some condensate and considered among the largest in the world. at the end of 2007 Shell’s reserves figures suffered because of the effects of stripping out potential reserves from its Sakhalin-2 joint venture, in which it was forced into signing away a majority stake to Russia’s Gazprom

The Sakhalin-1 Project is an oil and gas development on the northeast shelf of Sakhalin Island. It was declared commercial in October 2001. The Project area is comprised of the Chayvo, Odoptu and Arkutun-Dagi fields. Total recoverable reserves are estimated to be 2.3 billion barrels of oil and 17.1 trillion cubic feet of natural gas. Exxon Neftegas Limited, an affiliate of Exxon Mobil Corporation, is the operator. The Sakhalin-1 Project is one of the most ambitious, world-scale projects developed by international oil and gas industry to date, and represents one of the largest single foreign direct investments in Russia. Project benefits to Russia include direct revenues to the Russian state estimated at over US$ 50 billion over the life of the Project.