Document GmZ9oN6GX6BG43dp04p1nLZKY
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Cagen, Stuart Z SCC <stuart.cagen@shell.com> Tholstrup, Susan C SCC <lO=SHELLlOU=MSXSCC/CN=RECI PI ENTS/CN=ST184969>
2003-06-2018:15:33 GMT RE: Shanghai Health Study
thanks for the update
-----Original Message-----
From:
Cagen, Stuart Z SCC
Sent:
Thursday, June 19, 20032:10 PM
To: Tholstrup, Susan C SCC; Sullivan, Nancy E SCC-CBAR; Clegg, Patsy M SCC-CHSE-PC; lannarone,
Lauren B SCC-CSEA; Samuel, Tarita B SCC; Tsai, Shan SP SHLOIL-SHLOIL-HE
Subject:
Shanghai Health Study
All:
The API executive committee met today and discussed the Shanghai study. Following this meeting, Bill Frick (API) provided the following briefing to members of the consortia via a conference call (Note: present on the call were representatives from Shell, Conoco, Chevron, and ExxonMobil, but not BP).
1) The bottom line is that the API executive committee did not agree to provide financial support for the study. This question was not even explicitly brought to the committee but Bill Frick thought the committee had an understanding of the funding urgency and the implicit request from the consortia.
2) Having said that, Shell (Nela) and Conoco expressed a concern regarding project finances and the need for better tracking and consortia control.
So far, bad news - expected. Here is some good news:
3) In the category of great minds think alike... Dave O'Reilly (Chevron and chair of the API executive committee) agreed to convene an executive meeting or conference call of the study executive sponsors. I told them that Nancy is our executive sponsor and would be interested in paliicipating in an executive session. (Nancy: is it OK for me to forwarcj your email address and phone number to Patrick Beatty - Chevron, so he can forward them to Dave O'Reilly?).
4) Note also that Marathon Oil is sold on the value of the study, but has resisted joining the consortium because they felt 1) the entire industry (i.e., API) should fund the study and, 2) they did not like the funding formula. A follow up action for Patrick Beatty was to call Marathon and see how much they would consider contributing.
I told the consortium there is a clear urgency to move on funding and project management issues because these need to be firm before the August annual meeting. A follow up conference call is scheduled for next Thursday. I hope by that time the other members of the
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consortium will have contacted their executive sponsor and this can move forvvard rapidly, but I felt the familiar consortium lethargy and, again, BP was not even on the calL Meanwhile, Tarita and I will press on the finances, with a conference call with API staff on Monday. Stuart Stuart Cagen Shell Chem ical LP One Shell Plaza, 910 Louisiana, Houston, TX 77002-4916 Tel: +1 713241 1407 Fax: +1 713241 3325 Other Tel: +1 8326463987 Email: stuart.cagen@shell.com Internet: http://www.shell.com/chemicals
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