OREANDA-NEWS. Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee has convened at the Company’s Headquarters the 1st meeting of the Coordinating Committee for Gazprom’s Participation in Sakhalin Oil & Gas Projects.

The Coordinating Committee was set up in pursuance of the January 30, 2007 Order of the Gazprom Management Committee Chairman Alexey Miller to implement the Gazprom Sakhalin Island Offshore Development Strategy endorsed by the Board of Directors in 2006. Along with other responsibilities, the Coordinating Committee will coordinate Gazprom’s joining Sakhalin Energy Investment Company Ltd. as its main shareholder.

Being the most explored area in the Far Eastern Seas, the Sakhalin Island offshore has seen the discovery of 9 hydrocarbon fields with the aggregate gas, oil and condensate reserves making up 1.2 tcm, 394.4 mln t and 88.5 mln t, respectively. The prospective hydrocarbon resources in Sakhalin’s offshore exceed 6 btce.