News and Media Releases

Shell Celebrates Parque Das Conchas Production

25/08/2009

Shell officially celebrates first oil from Parque das Conchas with a ceremony and concert tonight at the Naval Academy in Vila Velha. Paulo Hartung.

Shell officially celebrates first oil from Parque das Conchas with a ceremony and concert tonight at the Naval Academy in Vila Velha.  Paulo Hartung, Governor of Espírito Santo, will attend the festivities along with Guilherme Dias, his Development Secretary.  They will be joined by Marvin Odum, Director for Shell Upstream Americas, Vasco Dias, Chairman of Shell Brasil Ltda., and Stephen Whyte, Vice-President of Upstream Shell Brazil.  Singer Gilberto Gil will entertain.

Shell is the first private company to produce oil in the Campos Basin.  Production flowed July 12 from the multi-field Parque das Conchas (former BC-10) project located 110 kilometers off Brazil's southeast coast, where heavy oil resources lie beneath waters nearly two kilometers deep.

"We have overcome several challenges to make Parque das Conchas economically viable. The project holds special meaning for Shell as the first we have operated completely in Brazil, from first exploration up to today's production," said Vasco Dias.

The project and future development in Brazil remain strategic for Shell.  "Oil and gas continue to play a major part in meeting the world's growing energy demands, and bringing Parque das Conchas production on stream is an important milestone for Brazilian deep waters," said Odum.  "This also reinforces our presence in the country with a project that has created jobs and encouraged investments."

The Parque das Conchas development plan has two phases and will draw initial production from three fields: Abalone, Ostra and Argonauta B-West.  The first phase, now on-stream, involves nine producing wells and one gas injector well.  The second phase, now in planning, will focus on the Argonauta O-North field.

Shell employed a host of new and advanced technologies to meet the project's many challenges, including water depth and oil viscosity.  Electric pumps of 1,500 horsepower drive the oil 1,800 meters up to the surface for processing on the floating, production, storage, and offloading vessel (FPSO), Espírito Santo.

The equipment-laden vessel can process 100 thousand barrels of oil and 50 million cubic feet of natural gas per day and store nearly 1.5 million barrels of oil for shipment to shore by transport tankers.

Technology highlights:

• Parque das Conchas is the first full-field development using subsea oil and gas separation and subsea pumping
• The water depth required weight reduction and the development of buoyant steel risers - flexible steel pipes several kilometers long that anchor the FPSO in place
• The field geology with its scattered formations demanded extended horizontal drilling for better production
• To keep the heavy oil (API 16-42) flowing, the FPSO, with 68 megawatts of power generation capacity, feeds power to the deep-water separation and high pressure pumping systems through huge electrical umbilical cables
• To avoid flaring and reduce CO2 emissions, natural gas produced with the oil will be separated and pumped back into the Ostra field until a gas export pipeline system is complete.

Inquiries:

Shell Oil Company 
Houston - Media Line  +1 713 241 4544

Shell Investor Relations
New York - Harold Hatchett:  +1 212 218 3112

Notes to Editors

1. Project interests
Shell Brasil Ltda. (operator) 50%; Petróleo Brasileiro S.A. - Petrobras (35%); and ONGC Campos Ltda. (15%).  Shell has produced oil in Brazil since 2003, in the Bijupirá and Salema fields. 

2. Project Timeline

• First discovery well drilled in 2000
• Final discovery well (to date) drilled in 2003
• Final Investment Decision taken in October 2006

Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters in The Hague and is listed on the London, Amsterdam, and New York stock exchanges.  Shell companies have operations in more than 145 countries with businesses including oil and gas exploration and production; production and marketing of Liquefied Natural Gas and Gas to Liquids; manufacturing, marketing and shipping of oil products and chemicals and renewable energy projects including wind and solar power. For further information, visit http://www.shell.com

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.

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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 ilings 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 presentation, 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.