«Rosneft» and «Sakhalin-1» has decided the dispute about the flow of hydrocarbons

© RIA Novosti / Maxim to Aminopherase in fotomonster company Rosneft. Archival photo«Rosneft» and «Sakhalin-1» has decided the dispute about the flow of hydrocarbons© RIA Novosti / Maxim to Aminopherase the image Bank

The claim of «Rosneft» to participants of a consortium «Sakhalin-1» was resolved by pretrial agreement, the correspondent of RIA Novosti news from the courtroom.

«We are withdrawing a lawsuit against the members of the consortium,» — said the representative of «Rosneft».

The first meeting in the Sakhalin arbitration court on the lawsuit took place on the tenth of September. Then the representative of «Rosneft» filed a motion asking to postpone the hearing for 60 days to complete negotiations with the participants of the project «Sakhalin-1» for resolving the dispute on the question of flows of oil from Northern tip of Chayvo on the main part of the Deposit and the costs incurred in that loss. He was supported by all representatives of the participants of the project «Sakhalin-1» and the court has appointed the next session on the second of November.

At this meeting, the judge listened to the views of the parties and made a decision to accept the claim of «Rosneft» to the five participants of a consortium «Sakhalin-1» were settled before trial.

In July the arbitration court of Sakhalin region has registered the claim of «Rosneft» to recover from five companies-participants of the international oil and gas project «Sakhalin-1» in total 89 billion. «Rosneft» demanded to collect from the defendants ‘ unjust enrichment and interest on borrowed funds accrued from July 10, 2015 to may 31, 2018.

The defendants were all direct participants in the project: «Exxon Neftegaz limited» (the share in the project 30%), «Sakhalin oil and Gas development» (in Japanese Sodeco, 30%), ONGC Videsh Limited (20%), and «Sakhalinmorneftegaz-shelf» (11,5%) and «RN-the Aster» (8,5%), through which «Rosneft» total controls 20% in the project. «Rosneft» demanded to collect from Exxon and Sodeco at 26.7 billion rubles, with ONGC at 17.8 billion, and since its structures a total of 17.8 billion rubles.

The project «Sakhalin-1» implemented on the terms of the agreement on production section, includes development of three offshore fields — Chayvo, Odoptu, and «Arkutun-Dagi», located on the northeastern shelf of Sakhalin island. The plot of «the Northern extremity of the Chaivo» in a separate license, which belongs to Rosneft.