. Last Updated: 07/27/2016

Sakhalin Oil Fields

TOKYO () -- Sakhalin Energy Investment Co. has won Russian government approval for a plan to start oil production off the Sakhalin Islands as early as 1999, equity holder Mitsui & Co. said Wednesday.

The Sakhalin Energy consortium, owned by USX-Marathon and McDermott of the United States, the Royal Dutch/Shell Group and Japanese trading houses Mitsubishi Corp. and Mitsui, has exploration rights to the Pilton-Astokh and Luni oil fields off northern Sakhalin.