- Sakhalin Energy
Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is a consortium for developing
Sakhalin-II oil and gas project with corporate head office inYuzhno-Sakhalinsk . The Chief Executive Officer (CEO) is Ian Craig. The company's principle activities are the production and export of oil (since 1999) and liquefied natural gas (from 2009).History
The original consortium was formed in
1991 by Marathon,McDermott ,Mitsui and Russian Federation as MMM Consortium. Shell andMitsubishi joined the consortium in1992 , to make it MMMMS. In April1994 , the consortium (excluding Russian Federation) formed Sakhalin Energy Investment Company Ltd. to develop and manage the Sakhalin II project. McDermott sold its share to the other partners in1997 and Marathon traded its share to Shell for other properties (the BP operated Foinaven field, near theShetland Islands , and an eight block area in the Gulf of Mexico—including the Ursa field) in2000 .In 2007,
Gazprom purchased a 50% share of the company and became a leading shareholder.cite web
publisher= Mitsubishi
url= http://www.mitsubishicorp.com/en/pdf/pr/mcpr070419e.pdf
title = Transfer of Sakhalin Energy Shares Completed
format = PDF
date =2007-04-19
accessdate=2007-10-26]hareholders
The current shareholders are:
* Gazprom Sakhalin Holdings B.V. (subsidiary of Gazprom) - 50% plus 1 share
* Shell Sakhalin Holdings B.V. (subsidiary of Royal Dutch Shell) - 27.5% minus 1 share
* Mitsui Sakhalin Holdings B.V. (subsidiary of Mitsui)- 12.5%
* Diamond Gas Sakhalin (subsidiary of Mitsubishi) - 10%References
External links
* [http://www.sakhalinenergy.com/ Consortium website]
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