Question-and-Answer Session
Operator
(Operator Instruction).
Fergus Macleod
Thank you operator and I think we are ready to take the first question, which comes from Neil McMohan with Sanford Bernstein, Neil are you there?
Neil McMohan - Sanford Bernstein
Yes thanks Fergus. Just a few questions, the first one is really and thanks for Byron's remarks on the organizational change, but what might be useful is, if you could just go through, what is the real difference today between the way information will flow, from lets say the reservoir engineer or geologist that the cold phase does it ware up to Andy Inglis as ahead of E&P versus what was happening in the past? Then I've got a follow up question as well? Thanks.
Byron Grote
Thank you for that question Neil. Clearly the changes that we've announced have not been put into full effect yet so I can't talk about the changes that exist today, but the changes that we are in the process of implementing. One thing that will definitely occur is that there'll be less layers between that individual and Andy. Now, we are going to be taking out several layers in all parts of the organization in many cases extending the span of control and by doing that, removing the need for incremental layers in the process. Much of this is about ensuring that the right information is available, the flow of it occurs to the right levels in the organization.
We probably today have far too many people involved in analyzing information from different perspective and one of things that we've done within the organization is announced that we're taking a move to integrate our control and planning and performance analysis activities. Often we are working with data from different perspectives, but doing it independently and treating that as one functional activity as opposed to three. We believe that's an example of where deep efficiencies can be driven through all layers of the organization.
Neil Perry - Morgan Stanley
Okay, great. Just the second question on looking at Russia, obliviously you're saying that – I suppose the memorandum of understanding with Gazprom when are we likely to get some idea of how the relationship is going to work going forward? And with regard to the potential of any LNG swaps R&D getting back into Kovykta?
Byron Grote
Neil, we are in discussions with Gazprom. We are looking for opportunities with them to create a balance in the relationship something that's a win for both sides. We remain confident that that can be achieved, but it'd be inappropriate of me to speak to specifics of that at this time.
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