Royal Dutch Shell plc operates as an independent oil and gas company. The company’s segments include Upstream and Downstream. Upstream This segment explores for and extracts crude oil and natural gas, often in joint arrangements with international and national oil and gas companies. This includes the extraction of bitumen from mined oil sands, which it converts into synthetic crude oil. The company liquefies natural gas by cooling it and transports the liquefied natural gas (LNG) to customers worldwide. The company also converts natural gas to liquids (GTL) to provide high-quality fuels and other products, and it markets and trades crude oil and natural gas (including LNG) in support of its Upstream businesses. Delivery Commitments The company sells crude oil and natural gas from its producing operations under various contractual obligations. Europe Denmark: The company has a non-operating interest in a producing concession in Denmark, which would expire in 2042. Ireland: The company is the operator of the Corrib gas project. Italy: The company has two non-operating interests in Italy: the Val d’Agri producing concession and the Tempa Rossa concession. Norway: The company is a partner in 30 production licences on the Norwegian continental shelf. The company is the operator in 13 of these, of which 2 are producing: the Ormen Lange gas field (Shell interest 17.8%) and the Draugen oil field (Shell interest 44.6%). The other producing fields are Troll, Gjøa, Kvitebjørn and Valemon. The Draugen field has an operational waterflood. U.K.: The company operates a significant number of its interests on the UK Continental Shelf on behalf of a 50:50 joint arrangement with ExxonMobil. The company has various non-operated interests in the Atlantic Margin area, principally in the West of Shetlands area. The company also has interests ranging from 20% to 49% in the Beryl area fields. Rest of Europe: The company also has interests in Albania, Germany, and Greenland. Asia (including the Middle East and Russia) Brunei: The company and the Brunei government are 50:50 shareholders in Brunei Shell Petroleum Company Sendirian Berhad (BSP). BSP has long-term oil and gas concession rights onshore and offshore Brunei, and sells most of its gas production to Brunei LNG Sendirian Berhad. In addition to its interest in BSP, the company is the operator for the Block A concession, which is under exploration and development, and also the operator for exploration Block Q. It has a 35% non-operating interest in the Block B concession, where gas and condensate are produced from the Maharaja Lela field. The company also has non-operating interests in deep-water exploration Block CA-2 (Shell interest 12.5%) and in exploration Block N, both under poduction-sharing contracts (PSCs). China: The company jointly develop and produce from the onshore Changbei tight-gas field under a PSC with China National Petroleum Corporation (CNPC). The PSC includes the development of tight gas in different geological layers of the block. In Sichuan, the company has agreed with CNPC to appraise, develop and produce from tight-gas and liquids-rich shale formations in the Jinqiu block under a PSC and have a PSC for shale-gas exploration, development and production in the Fushun Yongchuan block. The company also has an interest in an offshore oil and gas block in the Yinggehai basin, under a PSC. Indonesia: The company has a 35% participating interest in the offshore Masela block where INPEX Masela is the operator. The Masela block contains the Abadi gas field. The operator has selected a floating LNG (FLNG) concept for the field’s development phase. In 2015, the company signed a PSC with the Indonesian government for the exploration and potential development of acreage called Pulau Moa, offshore in eastern Indonesia. Iraq: The company has a 45% interest in the Majnoon oil field that it operates under a technical service contract that expires in 2030. The other shareholders in Majnoon are PETRONAS (30%) and the Iraqi government (25%), which is represented by the Missan Oil Company. The company also has a 20% interest in the West
royal dutch shell plc-b shs (R6C3:Xetra)
Carel van Bylandtlaan 30
The Hague, 2596 HR
Phone: 31 70 377 9111
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