Russ Oil-Gas

RBC, 04.09.2007, Moscow 18:56:42.Sakhalin Energy will replace some of its Shell-appointed managerial staff with Gazprom representatives over the next 12 months, the company's CEO Ian Craig said in a statement at the Sakhalin Oil and Gas Conference 2007 in Yuzhno-Sakhalinsk today. Craig claimed that Gazprom's arrival as the major stakeholder in the Sakhalin-2 project had been the most significant corporate event of 2006. He emphasized that the shareholders' objective was to maintain continuity in corporate activity in case of an ownership transfer and phases to follow. However, Sakhalin Energy will remain the project operator, while Shell will continue as the project's technical advisor, he added.