Russia backs 2010 budget for ExxonMobil's Sakhalin 1

摘要

Moscow-The 2010 budget for the ExxonMo- bil-led Sakhalin 1 production sharing agree- ment offshore Russia's Far East was approved November 29, ending months of speculation that Russia might seek a change of operatorship as a result of increases in the project's budget. "The technical and economic indicators of an updated work program were approved [and] based on these indicators the annual work program and the project's costs will be prepared," the ministry said in a statement, adding that additional expenses for 2010 also had been approved.