Valery Limarenko and Roman Dashkov Launched the Construction of Sakhalin Oil and Gas Industrial Park

The event in Yuzhno-Sakhalinsk was held to mark the important milestone for the island. 

Governor Valery Limarenko, Sakhalin Energy CEO Roman Dashkov, Yuzhno-Sakhalinsk Mayor Sergei Nadsadin and Island General Services CEO Sergei Popsuev together pushed the on-site start button to launch the construction project.

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With the construction equipment up and running, the first concrete was poured into the foundation pits of the three administrative and laboratory buildings of the future Sakhalin Oil and Gas Industrial Park.

The park will bring together providers of services to companies in the upstream sector. It will accommodate buildings for offices and laboratories, production support bases and warehouses with a total area of about 89 thousand square metres. The Park's residents will be able to rent floor space fitted out with everything they need to get operations underway; they will also benefit from the preferential treatment offered to them within the Yuzhnaya Territory of Advanced Social-Economic Development.

“Today, most of the services for the oil and gas industry are performed outside the region. The launch of the Park will enable a multifold increase in the number of localised facilities for servicing offshore and other hydrocarbon production projects. This is especially true now, under Western sanctions. What is really important is that the new facilities will create about a thousand new jobs. Such jobs must go to residents of Sakhalin Oblast. That is why we pay so much attention to developing vocational education and further training of specialists. The Park will contribute to the region's economy and the well-being of Sakhalin and Kuril inhabitants. It is quite symbolic that the project is breaking ground on the 75th anniversary of Sakhalin Oblast,” says Governor Valery Limarenko.

The Park will allow more efficient interaction between service customers and contractors.

“Thinking back, I recall us reviewing the concept of the Oil and Gas Industrial Park a few years ago and signing the agreement with the first residents at the Sakhalin Oil and Gas Forum. The agreement is now being implemented. For many years, the Company has been following ESG principles. Our operations are state of the art, safe, and sustainable. We fully honour our commitments to our Shareholders, the Russian Party, and Sakhalin Oblast. The SIP project is part and parcel of our corporate responsibility agenda," says Roman Dashkov, the Company's CEO.

Today, 17 companies are residents of the Sakhalin Oil and Gas Industrial Park. FracJet Volga, a market leader in high-tech oilfield services, has recently announced its intention to gain this status. An agreement to that effect was signed a few days ago on the sidelines of the Saint Petersburg International Economic Forum 2022.

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21 June 2022