Sakhalin Energy wins People Investor 2017 contest
News from projects and regions
Yesterday, Sakhalin Energy was named the winner of People Investor 2017, the 10th international forum promoting responsible investment in Russia. The company presented a personnel training program for saving wild animals from oil pollution in the Environmental Efficiency category.
Sakhalin Energy is the only company in the Sakhalin Region to have the requisite expertise and equipment for helping animals and birds affected by oil spills. The program for saving animals from oil pollution was adopted by the company in 2005. Today, more than 300 employees of Sakhalin Energy and specialists of the Ecospas Center for Emergency, Rescue and Ecological Operations are trained in wildlife rescue and rehabilitation.
Sakhalin Energy’s annual practice drills to rescue wild animals and birds from oil and petroleum pollution
The program received high praise from the jury and the expert panel composed of distinguished Russian and international experts in strategic management, corporate governance, social responsibility, HR management, and marketing.
The People Investor project was founded by the Russian Managers Association in 2008. Its mission is to identify and disseminate best practices and innovative solutions for socially responsible businesses with the aim of improving the transparency and competitiveness of Russian companies.
Background
Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of Sakhalin II, one of the world’s largest integrated oil and gas projects with massive oil and gas infrastructure for hydrocarbon production, transportation and processing. The company markets oil extracted from the deposits located in the Sea of Okhotsk and liquefied natural gas (LNG) produced at Russia’s first LNG plant built by Sakhalin Energy in the southern part of Sakhalin Island.
The project’s infrastructure includes three offshore ice-resistant platforms, the Trans-Sakhalin pipeline system encompassing 300 kilometers of offshore pipelines, an onshore gas pipeline and an onshore oil pipeline (each 800 kilometers long), an onshore processing facility, an oil export terminal, and Russia’s first (and so far only) LNG plant accounting for over 4 per cent of the global LNG output.
The main buyers of oil and LNG produced by Sakhalin Energy are Asia-Pacific countries. At present, the company exports oil to China, Japan, South Korea, Indonesia, the United States, the Philippines, and Taiwan. The main LNG buyers are Japanese, South Korean and Chinese energy companies.
The company’s shareholders are Gazprom (50 per cent plus one share), Royal Dutch Shell (27.5 per cent minus one share), Mitsui and Co. (12.5 per cent), and Mitsubishi Corporation (10 per cent).