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Sokol Cargoes Indicate Sakhalin-1 Recovery

OIL

Rosneft has issued a tender to sell six cargoes of Sokol crude for loading in November to early December in a sign that output from the Sakhalin-1 project may be recovering.

  • The project is understood to be ramping up output since ExxonMobil, the prior operator, exited the project recently.
  • Sakhalin-1 has been operating at around 10,000 bpd for much of this year, down from 220,000 bpd before the invasion.
  • The tender marks the first time since April that Sakhalin-1 is expected to load more than one cargo of Sokol in a single month. The project loaded around 10 cargoes a month prior to the invasion.
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