Oil and gas company Exxon Mobil is ready to leave Russia and leave assets worth USD 4 billion (Rp 57.5 trillion) in the country in ruckus adjacent to the Ukraine crisis.

Reuters reported upon Tuesday (1/3), the decision will see Exxon give up from managing a large oil and gas production gift upon Sakhalin Island in Russia’s far afield East.

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The sustainability of the multi-billion-dollar liquefied natural gas (LNG) gift at the site is now in doubt.

“We regret the activities of the Russian military that violated Ukraine’s territorial integrity and endangered its people,” the company said in a encouragement necessary of the intensifying military offensive.

Exxon follows dozens of new Western companies ranging from Apple (AAPL.O) and Boeing (BA.N) to BP PLC, Shell and Norway’s Equinor ASA (EQNR.OL) who have either ceased issue or announced plans to leave their Russian operations.

Exxon, which is scheduled to meet like Wall Street analysts upon Wednesday, has not yet utter an perfect date for its plans. According to an annual bank account released last February, Exxon’s assets in Russia are worth a total of USD 4.055 billion.

Previously, Exxon had started removing US employees from Russia, said two people familiar in imitation of the matter. The number of staff evacuated is unclear. The company sent a plane to Sakhalin Island to pick happening staff, one of the people said.

Exxon operates three large offshore oil and gas fields functioning on Sakhalin Island upon behalf of a consortium of Japanese, Indian and Russian companies that includes Russia’s Rosneft (ROSN.MM).

berita padang has open-minded plans to accumulate an LNG export terminal at the site.

“Exxon’s business in Russia is relatively small in its broader corporate context, correspondingly it doesn’t have the similar significance as BP or TotalEnergies if it wants to leave its Russian assets,” said Anish Kapadia, energy director and mining educational at Pallissy Advisors.

The Sakhalin facility, which Exxon has operated previously production began in 2005, is one of the largest deliver investments in Russia, according to the project checking account on Exxon’s website.

Recent operations have pumped just about 220,000 barrels of oil per day. x Japan’s Sakhalin Oil and Gas move ahead (SODECO), which has a 30% stake in the Sakhalin-1 project, is irritating to pronounce the details of Exxon’s announcement, a spokesman said, supplement that they would monitor the Russia-Ukraine issue and adjudicate what to do. in the future.

State-backed oil producer Japan Petroleum Exploration Co (Japex) (1662.T), which owns 15.285% in SODECO, is afterward examining the details of Exxon’s announcement and will chat behind associates to rule on unconventional plans, a Japex spokesman said.