American oil and gas giant Exxonmobil announced the start of the development of steps to exit the Sakhalin-1 project due to the situation in Ukraine, RIA Novosti reports.
“ExxonMobil controls the Sakhalin-1 project on behalf of the international consortium of Japanese, Indian and Russian companies.” In response to recent events, we begin the process of termination of activities and develop steps to exit the project, “the press service reported.
It is noted that the process of stopping operations will need to be carefully monitored and closely coordinated with co-founders to ensure its safe completion.