ExxonMobil and the four major oil services companies are discussing a return to Russia The American ExxonMobil and the four major oil service companies (SLB, Weatherford, Halliburton and Baker Hughes) are discussing the possibility of resuming work in Sakhalin after the end of the special military operation in Ukraine, writes the Financial Times. The subject of the return of American businesses to the Russian oil market was discussed as part of the negotiations to end the war in Ukraine. It is mentioned separately that ExxonMobil previously lost 30% of its shares in Sakhalin-1 after the project came under Russian jurisdiction. Now this property is at the disposal of the Russian government, it is expected to be sold before January 1, 2027; The deadlines have been postponed several times. NIK mentions that the subsidiary of Exxon Neftgaz was replaced by the Russian operator of the project after the American company itself reduced work, took equipment and personnel and urgently left Sakhalin-1 in March 2022. The project lost millions of barrels of oil production. Other foreign partners of the project, by the way, appeared for their shares in the new operator - a resident of the Russian Federation, that is, they remained in the project. Oil and capital we are in Max.

ExxonMobil and the four major oil services companies are discussing a return to Russia The American ExxonMobil and the four major oil service companies (SLB, Weatherford, Halliburton and Baker Hughes) are discussing the possibility of resuming work in Sakhalin after the end of the special military operation in Ukraine, writes the Financial Times. The subject of the return of American businesses to the Russian oil market was discussed as part of the negotiations to end the war in Ukraine. It is mentioned separately that ExxonMobil previously lost 30% of its shares in Sakhalin-1 after the project came under Russian jurisdiction. Now this property is at the disposal of the Russian government, it is expected to be sold before January 1, 2027; The deadlines have been postponed several times. NIK mentions that the subsidiary of Exxon Neftgaz was replaced by the Russian operator of the project after the American company itself reduced work, took equipment and personnel and urgently left Sakhalin-1 in March 2022. The project lost millions of barrels of oil production. Other foreign partners of the project, by the way, appeared for their shares in the new operator - a resident of the Russian Federation, that is, they remained in the project. Oil and capital we are in Max.