SDAG Board reelected at stockholders' general meeting
Ordinary General Meeting of the Shtokman Development AG (SDAG) Shareholders was held on June 23 in Lucerne (Switzerland) to review and approve the 2010 financial reporting, the Company said.
The Shareholders have resolved to re-elect the present Board of Directors of the Shtokman Development AG. Alexei Miller, Chairman of the Management Committee of Gazprom, was reelected as President of the SDAG Board of Directors. The reelected Board of Directors also include Christophe de Margerie - Chairman and Chief Executive Officer, Total S.A., Helge Lund - Chief Executive Officer, Statoil ASA, Alexander Medvedev - Deputy Chairman of the Management Committee of OAO Gazprom and Director-General of OOO Gazexport, Nikolai Dubik - Member of the Management Committee, Head of Legal Department of OAO Gazprom, Vsevolod Cherepanov - Member of the Management Committee, Head of the Gas, Gas Condensate and Oil Production Department of OAO Gazprom, Alexander Ananenkov - Deputy Chairman of the Management Committee, Member of the Board of Directors of OAO Gazprom, Michael Borrell - Senior Vice President Continental Europe and Central Asia, Exploration & Production, Total S.A., Torgeir Kydland - Senior Vice President, Europe & Asia, Development & Production International (DPI), Statoil ASA.
Ernst & Young was appointed auditor of the Shtokman Development AG for 2011.
Shtokman Development AG is a joint project created by three industry leaders — Gazprom (51%), Total S.A. (25%) and Statoil ASA (24%). A powerful consortium such as this will guarantee application of the best technology, the highest safety standards, and the most effective corporate management.
The company will be the owner and operator of the project infrastructure during Phase 1 — for a period of 25 years from the start of field production.
Shtokman field production is scheduled to begin in 2016. The LNG Plant is scheduled to be commissioned in 2017.
The Shareholders have resolved to re-elect the present Board of Directors of the Shtokman Development AG. Alexei Miller, Chairman of the Management Committee of Gazprom, was reelected as President of the SDAG Board of Directors. The reelected Board of Directors also include Christophe de Margerie - Chairman and Chief Executive Officer, Total S.A., Helge Lund - Chief Executive Officer, Statoil ASA, Alexander Medvedev - Deputy Chairman of the Management Committee of OAO Gazprom and Director-General of OOO Gazexport, Nikolai Dubik - Member of the Management Committee, Head of Legal Department of OAO Gazprom, Vsevolod Cherepanov - Member of the Management Committee, Head of the Gas, Gas Condensate and Oil Production Department of OAO Gazprom, Alexander Ananenkov - Deputy Chairman of the Management Committee, Member of the Board of Directors of OAO Gazprom, Michael Borrell - Senior Vice President Continental Europe and Central Asia, Exploration & Production, Total S.A., Torgeir Kydland - Senior Vice President, Europe & Asia, Development & Production International (DPI), Statoil ASA.
Ernst & Young was appointed auditor of the Shtokman Development AG for 2011.
Shtokman Development AG is a joint project created by three industry leaders — Gazprom (51%), Total S.A. (25%) and Statoil ASA (24%). A powerful consortium such as this will guarantee application of the best technology, the highest safety standards, and the most effective corporate management.
The company will be the owner and operator of the project infrastructure during Phase 1 — for a period of 25 years from the start of field production.
Shtokman field production is scheduled to begin in 2016. The LNG Plant is scheduled to be commissioned in 2017.