* Well drilled in 60 days
* Record depth reached
HOUSTON Jan 28 Exxon Mobil Corp (XOM.N) said
on Friday it has drilled a well that has a record horizontal
reach of 7.13 miles (11,475 meters) from a land-based rig to
the Odoptu field offshore far east Russia.
The well, part of the Sakhalin-1 project, underscores the
difficulty oil companies increasingly need to overcome to tap
oil and gas reserves.
In recent days, Russia has signed deals with western oil
companies, including Exxon, as it trades access to its vast oil
and gas reserves for the exploration expertise of western oil
Odoptu, one of three Sakhalin-1 Project fields, is located
5 to 7 miles (8 to 11 kilometers) offshore northeast Sakhalin
Island. The Odoptu OP-11 well reached a record total measured
depth of 40,502 feet (12,345 meters or 7.67 miles) and took 60
days to drill, Exxon said.
Exxon Neftegas is the operator of the Sakhalin-1 Project on
behalf of an international consortium that includes affiliates
of the Russian state company Rosneft (ROSN.MM) and
Sakhalinmorneftegas-Shelf; the Japanese corporation SODECO; and
the Indian state oil company ONGC Videsh Ltd.
Shares of Exxon, which is due to report fourth-quarter
earnings on Monday, fell 55 cents, or less that one percent, to
$79.33 in morning trading on the New York Stock Exchange.
(Reporting by Anna Driver in Houston; editing by Gunna