ONGC part-owned Sakhalin-1 output to be near normal by March

Production at Russia’s Sakhalin-1 block, in which ONGC has a 20% stake, will reach near normal by March after a halt for months last year following the force majeure by operator ExxonMobil, an official said.

The Sakhalin block is producing around 140,000 barrels per day of oil, which will likely rise to 200,000 barrels per day by the end of the current fiscal year, the official said. The block produced around 220,000 barrels per day of oil before Russia’s invasion of Ukraine in February.