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Wednesday, September 19, 2007

New boss takes helm at Total E&P Russia

18 September 2007 - Upstream OnLine - Total has named Pierre Nerguararian as the head of its exploration and production subsidiary in Russia. "Nerguararian was appointed on 17 September, replacing Jean-Pierre Dolla who had been managing Total E&P Russia for three or four years. This is a classical rotation of management," a Total spokeswoman said. Dolla has returned to Total's headquarters in Paris. Nerguararian was previously managing director of Total E&P France. His appointment comes at a time where Total's interests in Russia are expanding. Total is set to take a 25% stake in the operating company that will manage the $15 billion first phase development at the Shtokman gas field. Gazprom holds the remainder.

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