1991 - Exxon and SODECO agreed to jointly pursue Sakhalin offshore tender opportunities.
1993 - Russian Federation Government and Sakhalin Oblast grant rights to negotiate for Sakhalin I exploration and development including the Chayvo, Odoptu, and Arkutun-Dagi fields to Exxon and SODECO.
May 1995 - Rosneft-Sakhalin and Sakhalinmorneftegaz-Shelf joined Exxon and SODECO in a Consortium to develop the Sakhalin I fields through the JOA.
Exxon and SODECO
would be joined by two Russian partners in this venture, Rosneft and Sakhalinmorneftegaz.
Exxon and the Japanese company, SODECO
, are in the process of negotiating a production-sharing agreement for three fields offshore Sakhalin Island," Koonce said.
These blocks complement the Sakhalin 1 area in which Exxon and SODECO
were recently awarded the rights to negotiate a PSA.
3 /PRNewswire/ -- Exxon (NYSE: XON) and SODECO have reached a milestone in negotiations with Russia for acreage offshore Sakhalin Island.
A new agreement between SODECO and Russia clears the way for Exxon and SODECO to conduct feasibility evaluations and negotiate a production sharing agreement for an area offshore Sakhalin.
Sodeco Cash Management Systems is a world leader in high security electronic bill handling equipment under the SODECO
trademark, with a leading position in ticketing, parking, gasoline vending and currency exchange applications.