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Sakhalin is a largely undeveloped area, dominated by pristine nature. Russia, United States, Europe and Japan have worked off its shores for a nearly decade, producing oil and gas. There have not been any previous significant accidents in the region. As oil and gas fields in Eastern Siberia are becoming depleted, Russian oil and gas companies are starting to shift their focus to offshore projects, unveiling ambitious plans to tap the riches of the Arctic. Earlier this year, Exxon Mobil and Russia's largest oil producer Rosneft teamed up to jointly explore oil and gas fields in the Kara Sea with Exxon pledging $3.2 billion of investment on only three fields. The Investigative Committee on Sunday opened a probe into the accident and said that it might have happened because of a breach of safety regulations, or due to the harsh weather conditions. Alexei Knizhnikov, an energy policy official in Russia for the World Wildlife Fund, told the RIA Novosti that energy companies ought to learn from the accident. "This disaster should highlight the high risks of offshore projects," he said. "It's very difficult to conduct efficient rescue operations, whether it's rescuing people or dealing with oil spills, in the weather and conditions of the Arctic."
[Associated
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