Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is a consortium for developing the Sakhalin-2 oil and gas project with corporate head office in Yuzhno-Sakhalinsk. Roman Dashkov has been the Chief Executive Officer since 2013.
The company's principal activities are the production and export of crude oil (since 1999) and liquefied natural gas (from 2009).
History
The original consortium was formed in 1991 by Marathon, McDermott, Mitsui and Russian Federation as MMM Consortium. Shell and Mitsubishi joined the consortium in 1992, to make it MMMMS. In April 1994, the consortium formed Sakhalin Energy Investment Company Ltd. incorporated in Bermuda[1] to develop and manage the Sakhalin II project. Sakhalin Energy signed a production sharing agreement with the Russian Federation in 2004.[2]