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Dow Jones Newswires: Deputy Head Of Sakhalin Energy Resigns

6-21-07 2:15 PM EDT

LONDON -(Dow Jones)- David Greer, the deputy head of the Sakhalin Energy Investment Co. Ltd., has resigned, a Royal Dutch Shell PLC (RDSB.LN) spokesman said Thursday.

Shell, which initially appointed Greer, agreed to relinquish the control of Sakhalin Energy to OAO Gazprom (GSPBEX.RS) last year. The venture operates an oil and gas project in the Russian Far East.
 
Shell “can confirm that David Greer has decided to leave Sakhalin Energy and Shell to pursue personal business interests,” the spokesman said. “We wish him well and thank him” for the contribution he made during 27 years at Shell, he added.

Greer was the author of a motivational e-mail that was leaked to the Royaldutchshellplc.com Web site and then to the press.

The Shell spokesman declined to comment on whether the leak was behind Greer’s resignation. But he said the “e-mail would not be a matter for action” for the Anglo-Dutch oil major.

The spokesman added the current phase of development of the project was unaffected by Greer’s departure.

  (END) Dow Jones Newswires
  06-21-071415ET
  Copyright (c) 2007 Dow Jones & Company, Inc.

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