Shell Increases Participation in the Schiehallion Field and Divests its Canadian Seal Assets

   Shell Increases Participation in the Schiehallion Field and Divests its
                             Canadian Seal Assets

PR Newswire

THE HAGUE, November 14, 2012

THE HAGUE, November 14, 2012 /PRNewswire/ --

Shell (NYSE: RDS.A) (NYSE: RDS.B) announced today the signing of separate
agreements for the acquisition of Murphy Schiehallion Limited 5.9% stake in
the Schiehallion field west of Shetlands and for the sale of Shell's interest
in the Seal area within the Peace River oil sands of Alberta, Canada to Murphy
Oil Company Ltd.

The additional equity in the Schiehallion field brings Shell's stake to 55%
and offers Shell access to substantial additional reserves and redevelopment
potential in the UK, a current and future heartland for Shell Upstream in
Europe. The deepening in Schiehallion is part of Shell's continued portfolio
optimization and our strategy of sustaining the existing upstream engine.

Under the agreements Murphy, an active developer in the Seal Area in Canada
and Shell's partner in a number of assets, will take over Shell's interest and
operatorship of all the Seal facilities and leases. This divestment does not
impact Shell's focus on growth activities within other parts of its Peace
River leases. Shell has significant land holdings in the Peace River oil
sands and has a regulatory application under review to increase its thermal
production to 80,000 barrels per day with its Carmon Creek Project.

Notes for editors:

  oThe Schiehallion field is located in blocks 204 and 205, approximately 175
    kilometres west of the Shetland Islands, off the Scottish coast.
  oOther joint venture partners are BP (Operator) with 33.5%; Statoil - 5.9%
    and OMV 5.9%.
  oIn May 2012 Shell signed an agreement with Hess to acquire their 15.7% in
    the Schiehallion field.

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SOURCE Royal Dutch Shell plc
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