Sakhalin Energy Project Overview slide image

Sakhalin Energy Project Overview

SAKHALIN ENERGY 5 International Business: Contributing to Sakhalin Development International Business: Contributing to Sakhalin Development 5 e >70% OF RUSSIAN CONTENT over the whole lifetime of the Sakhalin-2 project STRATEGY OF MUTUAL UNDERSTANDING Partners of the Sakhalin-2 project include subsidiaries of the leading international oil and gas service companies, which actively support the strategy of expansion of Russian content in the project by engaging local companies as suppliers and contractors. Meeting the commitment to develop Russian content and the related use of domestic industrial resources and manpower is an important condition of the successful implementation of the Sakhalin-2 project. Participation of local companies in the project contributes to social and economic development of the region and creation of a reliable material and technical base in immediate proximity to the company's facilities. Prominent in this process they are international partners, which, through engagement of manpower and use of local vendors' services, create tangible opportunities for transferring modern technologies and mastering the best international oil and gas business practices. Interaction between Sakhalin Energy and foreign contractors is based on the principle of obligatory fulfilment of requirements for Russian content development. When concluding work contracts and placing orders for the supply of goods and services, the company pays special attention to fulfilling these requirements, and often includes them in the contractual obligations. Sakhalin Energy renders all-round support to the development of international cooperation in the Sakhalin Oblast, and has a vast set of measures and mechanisms for that. A number of international partners of Sakhalin Energy actively work on developing Russian content by increasing the presence of local vendors and local manpower in the Sakhalin-2 project. 21
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