OREANDA-NEWS. November 12, 2007. The Gazprom Headquarters has hosted the Boards of Directors Meetings of UrdanetaGazprom I and UrdanetaGazprom II Companies. The meetings were chaired by Stanislav Tsygankov, Chairman of the UrdanetaGazprom I and UrdanetaGazprom II Board of Directors, Head of Gazprom International Business Department.

The participants heard reports on the current activities of the Rafael Urdaneta project. In view of switch over to prospecting stage 2 stipulating appraisal well drilling, the organizational decisions were approved including new organizational structure of the companies and Plan of the top-priority activities aimed at executing the program on drilling at the licensed blocks.

The participants also examined other issues related to the Board of Directors competency.