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SPDC Completes 8th Nigerian Oil Mining Lease Sale

              SPDC Completes 8th Nigerian Oil Mining Lease Sale

PR Newswire

THE HAGUE, The Netherlands, November 9, 2012

THE HAGUE, The Netherlands, November 9, 2012 /PRNewswire/ --

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a
subsidiary of Royal Dutch Shell plc (Shell) (NYSE: RDS.A) (NYSE: RDS.B), has
completed the assignment of its 30% interest in Oil Mining Lease 30 (OML30) in
the Niger Delta to Shoreline Natural Resources Limited (Shoreline). Total
cash proceeds for Shell amount to some US$567 million.

This divestment is part of the re-shaping of SPDC's onshore portfolio and is
in line with the Federal Government of Nigeria's aim of developing Nigerian
companies in the country's upstream oil and gas business.

Shell has been in Nigeria for more than 50 years and remains committed to
keeping a long-term presence there - both onshore and offshore. Through SPDC
and its other Nigerian companies, Shell responsibly produces the oil and gas
needed to fuel the economic and industrial growth that generates wealth for
the nation and jobs for Nigerians.

OML30 covers an area of some 1097 square kilometres and includes the Kokori,
Afiesere, Oweh, Olomore, Eriemu, Evwreni, Oroni and Isioka fields and related
facilities. The divested infrastructure includes most of the Trans Forcados
major crude oil pipeline from OML30 to the Forcados River manifold. The
remaining 8 km to the Forcados terminal will remain with the SPDC joint
venture. The divested fields produced around 35,000 barrels per day of oil
and condensate (100%).

Total E&P Nigeria Limited (10%) and Nigerian Agip Oil Company Limited (5%)
have also assigned their interests in the lease, ultimately giving Shoreline a
45% interest.

All approvals have been received from the relevant authorities of the Federal
Government of Nigeria.

Notes to editors

SPDC is the operator of a joint venture between the Nigerian National
Petroleum Corporation (55%), Shell (30%), Total E&P Nigeria Limited (10%) and
Nigerian Agip Oil Company Limited (5%).

Shoreline Natural Resources Limited is a Nigerian joint venture company
between Shoreline Power Company Ltd and Heritage Oil Plc.

Cautionary note
The companies in which Royal Dutch Shell plc directly and indirectly owns
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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,
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Royal Dutch Shell's 20-F for the year ended 31 December, 2011 (available at
http://www.shell.com/investor and http://www.sec.gov - opens in new window).
These factors also should be considered by the reader. Each forward-looking
statement speaks only as of the date of this release, 9^th November, 2012.
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The United States Securities and Exchange Commission (SEC) permits oil and gas
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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
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the SEC by calling 1-800-SEC-0330.

Enquiries

Shell Media Relations
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Shell Investor Relations
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United States - Ken Lawrence: +1-713-241-2069

SOURCE Royal Dutch Shell plc
 
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