Marina's podcast

Are you a business man or business lady? If not why don’t you to set up your own company virtually! I hope this episode will help you to think and incorporate a business.
While listening to the music look through the text and answer the questions about the Kovyktinskoye gas-condensate field:
1. Who is the holder of license to the Kovyktinskoye field?
2. What is a turnover of the Kovyktinskoye field?
3. What is a turnover of your company?
4. Who are the owners (shareholders) of your company?
The Kovyktinskoye gas-condensate field is the largest gas field on Eastern Siberia and the Far East. The field is located in most favorable geographical conditions – only 350 km north-east Irkutsk. Presently, the field is subject to additional exploration. As of 01.01.2000, gas reserves of the field are estimated at 1.5 trillion m3. The field development project is most efficient, easy to realize and of great interest. The project envisages meeting the demand of the Irkutsk Region for gas (6-9 billion m3 a year) in full and export of 25-30 billion m3 a year of gas to Asia-Pacific countries. The field is included in the list of PSA-eligible subsurface sites.

Development plans for Kovyktinskoye.

Enjoy listen to the record.
Guess what benefits are of the Kovyktinskoye project? Choose them form the list of words:
Technology transfer, industrial regeneration, training, improving technology, in-vestment, employment, infrastructure development, environmental improvement.

In addition to drilling standard vertical appraisal wells, we are drilling wells that penetrate the gas reservoir horizontally. These horizontal wells and other ad-vanced drilling technologies are already proving that significant improvements in gas flow rates can be achieved. This will lead to fewer gas production wells being required, and a lower cost for the gas which will be produced.
In addition to drilling appraisal wells, advanced seismic data are being ac-quired and analyzed to provide a three dimensional picture of the deeply buried gas reservoirs. Seismic data acquired by sending acoustic signals through the earth’s crust and using sensitive electronic equipment to record the reflections. The seis-mic data are then analyzed by powerful computers to create maps of the gas reser-voirs beneath the surface. These maps will ensure that the gas production wells are drilled in the best locations for efficient production.

Complete the plans of Kovyktinskoye. What are the plans for your company?

Listen to the record and define the international stockholders of the Kovyk-tinskoye field.

12 September 2003 06:42 TNK-BP, China discuss Kovyktinskoye natural gas pro-ject MOSCOW. Sept 12 (Interfax) - China reaffirmed on Friday its determination to be involved in a project to develop the Kovyktinskoye gas condensate field in the Russian region of Irkutsk and in laying a gas pipeline to China, a senior figure in the TNK-BP company said on Friday. The China National Petroleum Corpora-tion (CNPC) confirmed this at a meeting with the TNK-BP management at the Russian Energy Ministry in Moscow, Viktor Vekselberg, TNK-BP's production and technology director, told a news conference in Russia's capital. TNK-BP and CNPC decided to finish a feasibility study by the end of next month. The news conference was also told that the TNK-BP board of directors reaffirmed at a Thursday meeting that the company was Vekselberg said TNK-BP would "take part in a meeting between the Chinese government and [Russian] Prime Minister Mikhail Kasyanov on September 22 in Beijing, where the Kovyktinskoye project will be discussed." The licensed user of Kovyktinskoye, the RUSIA Petroleum Company has a charter capital of 696.99 million rubles divided into equal. He ex-pressed hope that this would be "an additional step in developing this project." He said TNK-BP had also started work on the Russian part of a project to build up the Irkutsk region's gas supply network, interested in the Kovyktinskoye project. The main stockholders are TNK, with a 29.03% stake, BP (33.39%), the Interros hold-ing company (25.82%) and the Irkutsk regional administration (11.24%).

http://www.gateway2russia.com/art.php?artid=140573&rubid=85&parent=Company+Management&grandparent=Economic+News

Answer the questions:
1. Who are the partners in RUSIA Petroleum?
2. Do any stockholders invest a certain capital in your corporation (com-pany)?

What about concerns for environment?

Fill in the gaps using the words below the text while listening to the record:
Key environmental issues for the project include … of atmospheric emissions; minimal impacts of … sites and … roads in the forest; … from erosion when the topsoil melts in spring and summer; … and disposal of waste; …of water sources; and minimization of … on indigenous animals.

Drilling, management, protection², impact, minimization, access

Predict the environmental and social issues of your company:

Choose the correct word from the brackets while listening to the music:

The Kovyktinskoye project is expected … (to take/ to bring) significant opportunities for employment both to help to build and develop facilities, and then to operate the field in years to come, (to produce/ to use) the gas and condensate and … (to arrange/ to prepare) for them to be … (moved/ transported) and … (sold/ bought).
… (Income/ Benefits) of development will be seen as growth in the areas of construction and long term … (environment/ employment), training and technology transfer, infrastructure development and (renting/ banking). Income will also come from regional and federal revenue receipts (годовой доход), and the … (effects/ affects) of taxation on the growing economy.

What does music mean for everyone? As for me sometimes it helps me to relax, forget my routine days and sometimes it make me predict the steps in my further education (in on-line regime), or think about an upbringing of my children. I can only dream about my future career. If I only were a business lady I would set up a limited company.
A limited company in my opinion has an identity separate from that of shareholders who are its owners. In case of bankruptcy, the claims of the creditors are limited to the assets of the company. This means that shareholders are not liable as individual and their private assets outside company are not touched.
So, I would like to invite all of you to listen to the modern music, think about your own company, then share with your ideas . What company would you set up and why?