You are here:

skip to main navigation-menu | skip to metanavigation | skip to search form and cross links | skip to toolbox (compare to last year, printing and others)

Content

Production

3.2MILLION
BARRELS OF OIL EQUIVALENT
PRODUCED A DAY

2%
OF THE WORLD’S OIL PRODUCTION

3%
OF THE WORLD’S GAS PRODUCTION

In 2011, hydrocarbon production available for sale averaged 3,215 thousand boe/d, which was 3% lower than in 2010 and 2% higher than in 2009. Excluding production lost from divestments, 2011 production was approximately the same as it was in 2010.

Production in 2011 was mainly driven by new projects coming on-stream, notably Qatargas 4 LNG and Pearl GTL in Qatar, the Athabasca Oil Sands Project expansion in Canada and the continued ramp-up of the Gbaran-Ubie project in Nigeria. New start-ups and the continuing ramp-up of fields more than offset the impact of field declines and the effect of higher prices on production-sharing contract entitlements, but were further offset by lower demand due to warm weather in Europe in the fourth quarter of 2011 and increased maintenance activities compared with 2010.

Terms and Conditions | Privacy Policy
of
Shell Investors' Handbook 2007-2011

skip to content | skip to metanavigation | skip to language-switch and search form | skip to toolbox (printing and others)

main menu