ExxonMobil announced today that the Sakhalin-1 project has earned the Excellence in Project Integration Award from the committees and sponsoring societies of the International Petroleum Technology Conference (IPTC).

The award recognizes the project for successfully integrating geoscience knowledge; reservoir and production engineering; construction and facilities engineering practices; safety, health and environmental processes; human resources policies; community programs; and overall project teamwork.

“We are extremely proud of the Sakhalin-1 project achievements,” said Mark Albers, senior vice president, Exxon Mobil Corporation (NYSE:XOM). “The Sakhalin-1 project is one of the largest energy investments in Russia and is a testament to international cooperation to successfully execute this project in one of the most challenging arctic environments in the world in a safe and environmentally responsible manner.”

Exxon Neftegas Limited (ENL), an ExxonMobil affiliate, holds a 30 percent interest in and operates the multi-billion dollar Sakhalin-1 project.

The project received the award at a banquet at the Kuala Lumpur Convention Centre on the opening day of the conference, which more than 4,000 oil and gas scientists, engineers and other professionals from throughout the world are attending. The sponsoring organizations for the IPTC include the American Association of Petroleum Geologists, the European Association of Geoscientists and Engineers, the Society of Exploration Geophysicists, and the Society of Petroleum Engineers.

Since 2005, the Sakhalin-1 project to develop the Chayvo field in the Sea of Okhotsk has produced more than 157 million barrels of crude oil for export to world markets. It also has been a key supplier of natural gas to Russia’s Far East. Consumers there have received over 105 billion cubic feet of gas to heat their homes and meet growing energy needs.