Press Release

Shell Announces First Production from Deimos

26/07/2007

First Production from Deimos

NEW ORLEANS - Shell Exploration & Production Company announced today the start of first production from the Deimos discovery in the Gulf of Mexico's Mars Basin.� Deimos is a phased development; Phase I has a peak production capacity of 30 kboe/day.� This first phase consists of a three-well subsea system tied back to the Mars Tension Leg Platform.� The system selection for Deimos Phase II is dependent on Phase I appraisal data and production.� Options for the second phase could range from additional subsea tiebacks to a stand-alone concept.

�

Located in Mississippi Canyon Blocks 762 and 806 in 3,000 feet of water, Deimos was discovered in September 2002, when Shell encountered 248 true vertical net feet oil in multiple sands of the exploratory section and 287 net feet oil in the known producing field pays.� The prospect is located in the Mars Producing Unit, which is a Shell and BP partnership (71.5 percent and 28.5 percent working interests, respectively).�

�

Russ Ford, Shell's Technical Vice President for the Americas Region said:

�

"This phased-development approach for Deimos allows Shell and our partner to realize short-term production, while gathering information in order to optimize Phase II and mature the overall Deimos opportunity in an efficient timeframe.

�

"Deimos is a subsea tieback that utilizes the design, construction and flow assurance knowledge and experience we have developed across our Gulf of Mexico assets.� Deimos leverages the existing investment and infrastructure we already have in the basin, namely the Mars TLP and related export pipelines and is evidence of the untapped potential remaining in one of the Gulf's most prolific producing areas."

�

Shell EP Americas is the operating organization for the Exploration and Production business of Royal Dutch Shell plc in the Western Hemisphere.� This organization includes Shell Exploration and Production Company and Aera Energy Company in the U.S., and Shell's upstream operating companies in Argentina, Brazil, and Venezuela.� Shell is an integrated oil and gas company, dedicated to meeting ever growing energy demands efficiently and responsibly. Shell EP Americas puts sustainability, the search for viable new energy sources and the application of innovative technologies at the heart of how we do business.

�

�

Inquiries:

Shell Oil Company:� Shell Media Line:� +1 (713) 241-4544� ���

�

�

Disclaimer statement:

This document 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 document 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 document. 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.

�