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Shell to Shut in Auger Platform to Complete Tie-in at Cardamom Field



     Shell to Shut in Auger Platform to Complete Tie-in at Cardamom Field

With the latest seismic and drilling technologies, the Cardamom development is
expected to deliver new production from the deep waters of the Gulf of Mexico
to existing infrastructure

PR Newswire

THE HAGUE, The Netherlands, July 17, 2013

THE HAGUE, The Netherlands, July 17, 2013 /PRNewswire/ --

Nearly two decades after setting a world water-depth record for drilling and
production, Shell's (NYSE: RDS.A)(NYSE: RDS.B) Auger tension-leg platform is
still playing a central and innovative role in the company's deep water Gulf
of Mexico portfolio - currently producing some 55,000 barrels oil equivalent
(boe) per day (Shell share ~30,000 boe per day), and acting in the future as
the host platform for the Cardamom subsea development. The Cardamom discovery
well also set records three years ago, for subsurface length and depth.

More than a half mile down, Shell is connecting Cardamom wells back to Auger
-- work that will involve retrofitting the platform and a production shut-in
at Auger, which should restart in the fourth quarter of 2013. Once online in
2014, Cardamom (100% Shell share) is expected to produce at a peak rate of
50,000 boe per day.

"The Gulf of Mexico remains an important part of Shell's portfolio and
strategy, and it is expected to generate substantial growth over the next
several years," said John Hollowell, Executive Vice President for Deep Water,
Shell Upstream Americas. "Cardamom is a great example of using existing
infrastructure to increase oil and gas production in a less capital intensive
way."

In its lifetime, the Auger platform has produced more than 300 million boe.

Editors Notes:

  o The Cardamom discovery is located in Garden Banks Block 427, approximately
    362 kilometers (225 miles) south-west of New Orleans, Louisiana, in water
    more than 800 meters (2,720 feet) deep.
  o The completed subsea system will include five well expandable manifolds, a
    dual 20-centimetre (8-inch) flowline, and eight well umbilicals.  
  o Modifications to the Auger platform will include additional subsea
    receiving equipment, upgrade of an existing process train, and weight
    mitigation which are expected to increase the liquid handling, cooling and
    production capacities of the host facility.  
  o Shell used advanced seismic imaging and extended reach drilling to
    discover Cardamom, and since the discovery, further advancements in
    seismic have allowed Shell to see beyond a subsurface salt layer to
    estimate Cardamom's full resource potential.  
  o Shell drilled the Cardamom discovery well from the Auger TLP; the well
    features a measured depth of 9,642 meters (31,634 feet), a horizontal
    reach of more than 4,570 meters (15,000 feet), and a vertical depth
    greater than 7,620 meters (25,000 feet).
  o The Cardamom exploration well has produced directly from the Auger
    platform since December, 2010. 

Cautionary Note

The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this announcement "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 announcement refer to companies over which Royal Dutch Shell plc 
either directly or indirectly has control. Companies over which Shell has
joint control are generally referred to "joint ventures" and companies over
which Shell has significant influence but neither control nor joint control
are referred to as "associates". In this announcement, joint ventures and
associates may also be 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 announcement 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'’, '‘goals'’, '‘intend'’, '‘may'’, '‘objectives'’, '‘outlook'’,
'‘plan'’, '‘probably'’, '‘project'’, '‘risks'’, "schedule", '‘seek'’,
'‘should'’, '‘target'’, '‘will'’ 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 announcement, including (without
limitation): (a) price fluctuations in crude oil and natural gas; (b) changes
in demand for Shell's products; (c) currency fluctuations; (d) drilling and
production results; (e) reserves 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 regulatory measures addressing climate
change; (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 announcement 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 risk factors that may affect future results are
contained in Royal Dutch Shell's 20-F for the year ended December 31, 2012
(available at http://www.shell.com/investorand http://www.sec.gov ). These
risk factors also expressly qualify all forward looking statements contained
in this announcement and should be considered by the reader.  Each
forward-looking statement speaks only as of the date of this announcement,
July 17, 2013. Neither Royal Dutch Shell plc 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
announcement.

We may have used certain terms, such as resources, in this announcement that
United States Securities and Exchange Commission (SEC) strictly prohibits us
from including in our 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 http://www.sec.gov. You can also obtain these forms from
the SEC by calling 1-800-SEC-0330.

Enquiries:
Media:
Shell International Media Relations +44(0)207-934-5550
Shell Americas Media Relations +1-713-241-4544

Investor Relations:
North America +1-713-241-1042
International +31(0)70-377-4540

SOURCE Royal Dutch Shell plc
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