A trade delegation led by Alexander Khoroshavin, the governor of Sakhalin, has completed two days of talks held with private sector energy firms and public officials in the South Korean capital Seoul.

Reuters reports that the resource-rich Russian state hopes to attract around $2.1 billion in investment from South Korean firms as it puts 15 energy, natural resources and construction projects up for tender.

The total value of the contracts is set at around $4.8 billion, and work will include the development of seven new oil and gas fields and construction of a new island energy complex on the west coast of Sakhalin.

The new contracts are also expected to bring additional investment in training and development to meet manpower requirements.

Among those already operating in Sakhalin is Petrofac, which opened a state of the art technical training centre in the state in June 2008, with courses designed to develop both theoretical frameworks and practical vocational skills.

Getenergy for Russia & CIS, 19th – 20th May 2010 - Moscow