【案例名称】Journey to Sakhalin: Royal Dutch/Shell in Russia (A)

【作者】Rawi Abdelal

【页数】27

【格式】PDF

【语言】英语

【出版日期】2004年3月24日

【修订日期】2006年6月2日

【学科】公共关系 (Business & Government Relations)

【案例编号】704040-PDF-ENG

【来源】HBS Premier Case Collection

【网页】http://cb.hbsp.harvard.edu/cb/product/704040-PDF-ENG

【简介】

Operations of Royal Dutch/Shell in Russia included a strategic alliance with Gazprom, the country's natural gas monopoly, the development of the Salym oil fields in Siberia, and a small retail refilling network in St. Petersburg. Focuses on the Sakhalin II project. Sakhalin II is the reason for the existence of the Sakhalin Energy Investment Co. (SEIC), owned by Royal Dutch/Shell (55%), Mitsui (25%), and Mitsubishi (20%). Worth approximately $10 billion, the second phase of Sakhalin II would be the single largest investment decision in the history of Royal Dutch/Shell, as well as the single largest foreign direct investment in Russia's history. Sakhalin II would also be the largest integrated oil and gas project in the world. The project, however, faces a number of challenges, however. A production sharing agreement (PSA)--a commercial contract between the foreign investor and a host government that replaces the country's tax and license regimes for the life of the project--governs Sakhalin II. Although Sakhalin II's PSA enjoys the status of Russian law, other Russian laws conflict with the terms of the PSA. PSAs have also become controversial within Russia. After several years of waiting in vain for "legal stabilization," Shell and SEIC executives must decide whether the project should go forward.

【学习目标】

To consider the challenges of foreign direct investment in Russia and managing in the context of weak institutions.

【涉及课题】

Energy; Foreign investment; Globalization; Strategic alliances

【背景】

    * Geographic: Russia
    * Industry: Electricity, gas, water & wastewater
    * Company Employee Count: 90,000
    * Company Revenue: $236 billion revenues
    * Event Year Begin: 1991
    * Event Year End: 2003

【下载】

http://www.mbabbs.com/thread-304-1-1.html