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Highlights 2012









Appraisal success at Appomattox discovery
Shell announced a successful appraisal operation at its Appomattox discovery in deep water in the Gulf of Mexico with resources potential of about 500 million boe. The appraisal well in Mississippi Canyon Block 348, in approximately 2,212 metres of water, was drilled to a total depth of 7,879 metres and encountered approximately 46 metres of oil pay.


CNPC and Shell sign first shale gas production sharing contract in China
CNPC and Shell signed a production sharing contract for shale gas exploration, development and production in the Fushun-Yongchuan Block in the Sichuan Basin, China.
















Shell and partners announce LNG project in Canada
Shell, KOGAS, Mitsubishi Corporation, and PetroChina announced that they are developing a proposed liquefied natural gas (LNG) export facility in Western Canada, near Kitimat, British Columbia.


Shell takes final investment decision on two projects in Nigeria
In Nigeria, Shell took final investment decisions on the Forcados Yokri Integrated Project and the Southern Swamp Associated Gas Gathering Project (Shell share 30% for both projects). These projects are expected to produce about 100 thousand boe/d and 85 thousand boe/d respectively at peak production and reduce flaring intensity.
















Shell signs share purchase agreement to acquire Gasnor
Shell, previously the owner of 4.1% of the shares in Gasnor AS, signed a share purchase agreement for the remaining outstanding shares in the company for $0.1 billion.

Shell to construct world’s first oil sands carbon capture and storage project
Shell announced that it will go ahead with the first carbon capture and storage project for an oil sands operation in Canada. The Quest project will capture and store more than one million tonnes of CO2 per year and reduce direct emissions from the Scotford Upgrader by up to 35%.


Shell increases Browse equity stake
In Australia Shell increased its interest in the West Browse joint venture to 35% and in the East Browse joint venture to 25% in an exchange with Chevron for our 33.3% interest in Clio-Acme plus cash of approximately $0.5 billion.

Shell acquires liquids-rich shales in Texas
Shell acquired acreage in Texas from Chesapeake Energy in a further step to build a leading portfolio of shale assets rich in oil and natural gas liquids for an announced consideration of $1.9 billion. The acquisition covers 618,000 net acres in the Permian Basin in West Texas that currently produce about 26 thousand boe/d and have significant growth potential.
















Shell increases participation in the Schiehallion field and divests its Canadian Seal assets
Shell announced the signing of separate agreements for the acquisition of Murphy Schiehallion Ltd’s 5.9% stake in the Schiehallion field, in the UK North Sea, and for the sale of Shell’s interest in the Seal area within the Peace River oil sands of Alberta, Canada, to Murphy Oil Company Ltd.

Shell increases participation in the Beryl area fields in the North Sea
In the UK we acquired 75% of Hess Corporation’s interests in the Beryl area fields and Scottish Area Gas Evacuation system. The acquisition should help to enhance the performance and economic potential of key Shell North Sea operated and non-operated assets, lifting Shell’s production in the Beryl area fields from 9 thousand boe/d to 20 thousand boe/d. Shell intends to invest in these assets to substantially extend the production life, for a potentially further 20 years.


Construction begins on the Prelude FLNG project
Shell celebrated the cutting of the first steel for the game-changing Prelude floating liquefied natural gas (FLNG) facility’s substructure with joint venture participants, INPEX and KOGAS, and lead contractor, the Technip Samsung Consortium, at Samsung Heavy Industries’ Geoje shipyard in South Korea.