Technical Committee of the OJSC Severneftegazprom Board of Directors Holds a MeetingBack to news
On September 19, 2016, an in-person meeting of the OJSC Severneftegazprom Board of Directors was held. The meeting was conducted by the Committee Chairman, General Director of the Company Vladimir Dmitruk.
The meeting was attended by the Committee members, OJSC Severneftegazprom's Deputy General Directors, and representatives of the shareholder companies. The Committee members heard a report on the implementation of the Annual Work Program and the Budget of the Company for the 1st half of the current year, and a report on recalculation of reserves from Turonian deposits. In addition, the meeting attendees were presented the current results of pilot production of wells # 174, 184 and 1902 for Turonian deposit and the Investment program of the Company for 2017 and the planned period 0f 2018-2019.
The discussion of the key issues was held in the form of a partnership dialogue. Following the meeting, all the presented reports as well as the results of pilot production of Turonian wells and the Investment Program of the Company were taken into consideration.
The Technical Committee of the OJSC Severneftegazprom Board of Directors was established for the purpose of preliminary reviewing of the most important issues falling under the competence of the Board of Directors and developing recommendations for further decision-making on such issues. In particular, one of the functions of the Technical Committee is to provide recommendations to the Board of Directors regarding all significant technical aspects of the Company’s business, including the approval by the Board of the Annual Work Program and Budget, the Long-Term Development Plan and Budget, the Additional Yuzhno-Russkoye Field Development Plan, as well as any amendments and/or supplements thereto. The Technical Committee is elected by the Board of Directors and consists of eight representatives of the shareholder companies. Candidates are proposed by the shareholders of the Company as follows: 4 candidates from PAO Gazprom, and 2 candidates each from Wintershall Holding GmbH and Uniper Exploration and Production GmbH. .