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Sakhalin-1 output to fall: ONGC
Noida, Sept 17 (UNI) Oil and Natural Gas Corp Ltd today said it expects output from Russia's Sakhalin-1 project to fall to about 160,000 barrels per day (bpd) next year from 190,000 bpd.
The state-run exploration firm holds a 20 per cent stake in the venture.
''It will continue to decline until 2010. Then again it will go up as phase-2 development is completed,'' a company official told reporters here on the sidelines of a conference.
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Story first published: Wednesday, September 17, 2008, 14:38 [IST]