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ROYAL DUTCH SHELL PLC: Shell to increase participation in Beryl area North Sea


ROYAL DUTCH SHELL PLC: Shell to increase participation in Beryl area North Sea Shell to increase participation in the Beryl area fields in the North Sea

The Hague, 25 October 2012. Shell announced today the signing of an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System ("SAGE"), for US$ 525 million.

The Beryl Area includes 12 fields located on the UK Continental Shelf. The fields are operated by Apache and with the acquisition Shell's interest in the different fields will increase by a range of between 9-65% depending on the field.

The Beryl cluster has a far longer anticipated lifetime than originally thought and may produce for a further two decades. The acquisition should help to enhance the performance and economic potential from key Shell North Sea operated and non-operated assets, lifting Shell's production in the Beryl area fields from currently 9 thousand boe/d to 24 thousand boe/d. Shell intends to invest in these assets to substantially extend the production life, for potentially a further 20 years

Notes to Editors

1. Shell and Hess Corporation signed an agreement on May 29, 2012 to acquire


    Hess's 15.67% interest in the BP operated Schiehallion field. The sale
    which completed on 28 September 2012 brings Shell's equity in Schiehallion
    to 49%"
     2. In 2010 we increased our interest in the Clair field from 18% to 28%. Clair
    lies west of Shetland and is operated by BP.
     3. Shell is a leading operator in the UK sector of the North Sea and intends
    to maintain this position. Offshore, Shell has interests in more than 50
    fields, operates more than 30 platform installations, 30 subsea
    installations and one production (FPSO) vessel. Onshore, we operate three
    gas plants; the St. Fergus Gas Terminal and Fife NGL Plant (with Braefoot
    Bay marine terminal) in Scotland, and Bacton in the east of England. Shell
    operates a significant number of its interests in the UK Continental Shelf
    (UKCS) on behalf of a 50:50 joint venture with ExxonMobil. The Shell share
    of UK oil and gas production is about 8% (140 kboe/d in 2011). Almost half
    of this is gas. This is almost 4% of total Shell Group production.
     4. The increase in Shell share of fields is as follows: Beryl, Nevis Central,
    Nevis North, Nevis Far North, Nevis South Cormorant, Loirston, Ness and
    Ness South from 23% to 45%. Nevis South from 14.8% to 52.2%. On Nevis West
    Beryl from 0% to 65.5%. On Buckland from 14.4% to 28.5%, and from 15.9% to
    25% on Skene.
    Enquiries

Shell Investor Relations

Europe - Tjerk Huysinga: + 31 70 377 3996

United States - Ken Lawrence: +1 713 241 2069

Shell Media Relations

USA: + 1 713 241 4544

International, UK, European Press: +44 207 934 5550

Cautionary Note

The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this release "Shell", "Shell group" and
"Royal Dutch Shell" are sometimes used for convenience where references are
made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the
words "we", "us" and "our" are also used to refer to subsidiaries in general or
to those who work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or companies.
``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this
release refer to companies in which Royal Dutch Shell either directly or
indirectly has control, by having either a majority of the voting rights or the
right to exercise a controlling influence. The companies in which Shell has
significant influence but not control are referred to as "associated companies"
or "associates" and companies in which Shell has joint control are referred to
as "jointly controlled entities". In this release, associates and jointly
controlled entities are also referred to as "equity-accounted investments". The
term "Shell interest" is used for convenience to indicate the direct and/or
indirect (for example, through our 23% shareholding in Woodside Petroleum Ltd.)
ownership interest held by Shell in a venture, partnership or company, after
exclusion of all third-party interest.

This release contains forward-looking statements concerning the financial
condition, results of operations and businesses of Royal Dutch Shell. All
statements other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are statements of
future expectations that are based on management's current expectations and
assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Royal Dutch
Shell to market risks and statements expressing management's expectations,
beliefs, estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and phrases
such as ``anticipate'', ``believe'', ``could'', ``estimate'', ``expect'',
``intend'', ``may'', ``plan'', ``objectives'', ``outlook'', ``probably'',
``project'', ``will'', ``seek'', ``target'', ``risks'', ``goals'', ``should''
and similar terms and phrases. There are a number of factors that could affect
the future operations of Royal Dutch Shell and could cause those results to
differ materially from those expressed in the forward-looking statements
included in this release, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand for the
Shell's products; (c) currency fluctuations; (d) drilling and production
results; (e) reserve estimates; (f) loss of market share and industry
competition; (g) environmental and physical risks; (h) risks associated with
the identification of suitable potential acquisition properties and targets,
and successful negotiation and completion of such transactions; (i) the risk of
doing business in developing countries and countries subject to international
sanctions; (j) legislative, fiscal and regulatory developments including
potential litigation and regulatory measures as a result of climate changes;
(k) economic and financial market conditions in various countries and regions;
(l) political risks, including the risks of expropriation and renegotiation of
the terms of contracts with governmental entities, delays or advancements in
the approval of projects and delays in the reimbursement for shared costs; and
(m) changes in trading conditions. All forward-looking statements contained in
this release are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place
undue reliance on forward-looking statements. Additional factors that may
affect future results are contained in Royal Dutch Shell's 20-F for the year
ended 31 December, 2011 (available at www.shell.com/investor and www.sec.gov).
These factors also should be considered by the reader. Each forward-looking
statement speaks only as of the date of this release, October 25, 2012. Neither
Royal Dutch Shell nor any of its subsidiaries undertake any obligation to
publicly update or revise any forward-looking statement as a result of new
information, future events or other information. In light of these risks,
results could differ materially from those stated, implied or inferred from the
forward-looking statements contained in this release. There can be no assurance
that dividend payments will match or exceed those set out in this release in
the future, or that they will be made at all.

The United States Securities and Exchange Commission (SEC) permits oil and gas
companies, in their filings with the SEC, to disclose only proved reserves that
a company has demonstrated by actual production or conclusive formation tests
to be economically and legally producible under existing economic and operating
conditions.  We use certain terms in this release, such as resources and oil in
place, that SEC's guidelines strictly prohibit us from including in filings
with the SEC.  U.S. Investors are urged to consider closely the disclosure in
our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You
can also obtain these forms from the SEC by calling 1-800-SEC-0330.



END

-0- Oct/25/2012 06:04 GMT

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