News and Media Releases
Reducing Emissions
29/09/2008
Shell and WESTCARB Participate in Carbon Capture and Storage Project, which includes a $1 million contribution from Shell and aims at reducing CO2 emissions.
Shell and West Coast Regional Carbon Sequestration Partnership (WESTCARB) today announces their collaborative participation in a carbon dioxide (CO2) storage demonstration project. Shell funding and resources for the project, includes a contribution of $1 million to fund a research field test pilot program for the underground injection of CO2.
WESTCARB, led by the California Energy Commission, is one of seven regional partnerships and sponsored by the Department of Energy’s Regional Carbon Sequestration Partnership program, managed by the National Energy Technology Laboratory (NETL).
“We live in a world that demands more energy but less carbon dioxide,” said Edward Hymes, Shell project manager. “Working with WESTCARB and the Department of Energy to deploy carbon storage technology will help Shell in its effort to strike this critical balance.”
This collaboration reflects Shell’s efforts to develop responsible solutions for managing CO2 emissions, while meeting the growing needs of its customers. By demonstrating carbon storage technology’s potential large-scale viability, the WESTCARB collaboration will also help Shell meet California Governor Arnold Schwarzenegger’s greenhouse gas reduction goals for 2020.
“Shell aims to operate energy–efficient facilities with best-in-class environmental performance, and projects such as this are key to meeting this goal,” continued Hymes. “Reducing the amount of carbon dioxide in the atmosphere will require the active participation of government, industry and consumers.”
Shell contributing to WESTCARB, a planned $6 million CO2 storage research test, facilitates the project’s completion. As part of the project, WESTCARB will inject up to 2000 tons of industrial-grade CO2 into deep porous rocks sealed naturally by cap rock.
To ensure the greenhouse gas is stored securely, the project will continue to monitor the distribution of the underground CO2 at the site. The primary goal of WESTCARB’s research test project is to help determine the long-term effectiveness of the underground storage of CO2. Through its contribution, Shell will provide industry cost-share support for this WESTCARB research project.
"As we strive to shrink California's carbon footprint, we are encouraged that Shell has partnered with the State of California to explore how to capture and store carbon dioxide safely underground. As an environmental and economic leader committed to reducing CO2 emissions, California is excited to have Shell join us in working toward a greener, more energy efficient future,” said Energy Commission Vice Chair James Boyd.
At varying stages, Shell is involved in carbon capture and storage (CCS) initiatives in Canada and in Europe. In Alberta, Canada, Shell has proposed a CCS project that could capture about one million tons of CO2 from a Shell facility, storing it permanently in deep underground geological formations. The project is in the feasibility and planning phase.
The Barendrecht project in the Netherlands is also undergoing research to build a pipeline from Shell’s Pernis Refinery to a depleted natural gas field. The initial project target is around 400,000 tons of CO2 storage per year.
About Shell
Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America's leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers.
Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell Group, a global group of energy and petrochemical companies, employing approximately 104,000 people and operating in more than 110 countries and territories.
About WESTCARB
The WESTCARB region consists of seven states – Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington – and the Canadian province of British Columbia.
The California Energy Commission leads the $6 million WESTCARB research team, which along with the U.S. Department of Energy is the principal contributor. The primary goal of the WESTCARB is to validate the feasibility, safety, and efficacy of carbon sequestration through a series of scientific studies and field tests.
INQUIRIES:
Shell Oil Company Shell Media Line (713) 241-4544
Disclaimer statement:
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’’, ‘‘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 Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market 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 effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions.
All forward-looking statements contained in this presentation 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. Each forward-looking statement speaks only as of the date of this presentation, May 4, 2006.
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 document.
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 document, such as “oil in place" that the 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 and disclosure in our Forms 6-K 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.

UNITED STATES