A spokesman for Sakhalin Shelf Services said the company had bought port's premises and onshore facilities from regional administration's property management department and would modernize the port.
"Given further development of Sakhalin-V project, Sakhalin Shelf Services will gradually modernize the port to create a modern cargo terminal in northern Sakhalin to provide supplies for oil and gas production facilities and northern regions of Sakhalin Island," he said.
Moskalvo, which is only accessible from early June to early November, takes equipment supplied by Elvari Neftegaz to explore deposits as part of Sakhalin-V.
Elvari Neftegaz, set up by project operators Rosneft, Russia's state-owned oil company, and British major BP, will drill at the Kaigansky-Vasyukansky deposit.
Sakhalin-V covers the Kaigansky-Vasyukansky deposit, whose recoverable oil reserves are estimated by Rosneft at 1.2 billion tons (8.6 bln barrels), and Vostochno-Shmidtovsky deposit with estimated recoverable reserves of 411 mln tons (3 bln barrels) of oil and 255 bln cubic meters of gas.
Production was launched late last year at 2,200 barrels of oil per day.
Analysts have said the project will be cost-effective due to short oil-delivery routes to the energy-hungry Asia-Pacific region.
