Sakhalin Energy

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Sakhalin Energy
Type Private
Industry Oil and gas industry
Founded 1991 (1991)
Headquarters Yuzhno-Sakhalinsk, Russia
Key people Roman Dashkov (CEO)
Parent Gazprom
Website www.sakhalinenergy.com

Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is a consortium for developing the Sakhalin-II oil and gas project with corporate head office in Yuzhno-Sakhalinsk. Sakhalin Energy signed a Production Sharing Agreement (PSA) in 1994 with the Russian Federation, represented by the government of the Russian Federation and the Sakhalin Oblast Government. Sakhalin Energy formed to develop the Piltun-Astokhskoye and the Lunskoye oil and gas fields in the Sea of Okhotsk, offshore Sakhalin island in the Russian Far East. The modern infrastructure is made for Sakhalin-2 project:

- Offshore Molikpaq platform

- Offshore Piltun-Astokhskoye platform

- Offshore Lunskaya platform

- Onshore processing facility

- Pipeline

- LNG plant and Oil Export Terminal.

The Chief Executive Officer (CEO) is Roman Dashkov. The company's principal activities are the production and export of oil (since 1999) and liquefied natural gas (from 2009). Company's vision is to be the premier energy source for Asia-Pacific. There is company's 20th anniversary in 2014. [1] [2][3]

Shareholders[edit]

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%
  • Mitsubishi - 10%

Economic Impact[edit]

2010[edit]

In 2010 the royalty payments went up $200 million from the 2009 level, reaching almost $481 million. In 2010 Sakhalin Energy’s contributions to the Russian Federation budgets of all levels totaled $538.4 million paid in taxes and other mandatory payments. Inclusive of the proceeds from the Sakhalin-2 project in 2010, the total amount of payments from the Sakhalin-2 PSA to the Russian party in 1995-2010 is in excess of $ 1.8 billion. The Company paid $59.8 million taxes and other mandatory payments to Sakhalin Oblast and local municipalities in 2010. [4]

2011[edit]

In 2011, subsoil royalties increased by $155 million in comparison with 2010 and amounted to $635.9 million. In 2011, Sakhalin Energy paid to the Russian budgets of all levels $1,141.6 million in taxes and other statutory payments, which is $ 603.3 million more than in 2010. [5]

2012[edit]

In 2012, the amount of royalty obligations fulfilled (provided for payment in kind and cash) totaled USD 619 million. In 2012 Sakhalin Energy paid USD 1813.6 million (provided for payment in kind and cash) to the Russian budgets of all levels, USD 671 million more than in 2011. [6]

2013[edit]

Royalties (in kind payment) amounted to US $ 705 million. In 2013 Sakhalin Energy paid over US$ 2.6 billion (in kind and cash) to the Russian Federation, which is US$ 800 million more than in 2012. Between 1995 and 2013 and including last year's amounts, the Russian Party has received over US$ 7 billion from the Sakhalin-2 project. [7]

Roman Dashkov[edit]

Pursuant to the Shareholders Agreement, Roman Dashkov was nominated by OAO Gazprom and approved by other Shareholders. Roman Dashkov takes office on 22 February 2013. Born on April 17th, 1976 in Orenburg.

Before his nomination as Sakhalin Energy’s CEO, Mr. Dashkov has been working as Deputy Director General of Gazprom dobycha Nadym. A graduate of the Gubkin Oil and Gas University and the Plekhanov Economic University, he has extensive experience in engineering, design and management within the system of Gazprom’s affiliates. [8]

One of his most recent projects is related to the start up of Bovanenkovo gas field on Yamal where the high-tech state of art gas production centre was developed. Participated in patenting of a number of proprietary oil and gas technologies.

Social Responsibility[edit]

In November 2009 Sakhalin Energy joined the United Nations Global Compact. UN Global Compact is the largest international voluntary initiative to promote corporate social responsibility of business. By joining the Global Compact companies and organisations commit to align its operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption.[9]

References[edit]

  1. ^ 20th anniversary
  2. ^ "Transfer of Sakhalin Energy Shares Completed" (PDF) (Press release). Mitsubishi. 2007-04-19. Retrieved 2011-07-20. 
  3. ^ White, Garry (2009-06-28). "Russia invites Shell back to Sakhalin as finances plummet". Telegraph. Retrieved 2011-07-20. 
  4. ^ annual report 2010
  5. ^ annual report 2011
  6. ^ annual report 2012
  7. ^ annual report 2013
  8. ^ "Sakhalin Energy announces new CEO". Sakhalin Energy press release. 
  9. ^ "Participant Information". United Nations Global Compact. 

External links[edit]