Highlights
- Production in the Americas grew to some 760 thousand boe/d in 2014, mainly due to major deep-water projects coming on stream and new wells being connected to existing assets.
- After-tax earnings from the oil and gas exploration and production operations of our subsidiaries, joint ventures and associates in the region were $1.3 billion.
- We started up key projects, including Mars B and Cardamom, in the Gulf of Mexico.
- We took the final investment decision on Coulomb Phase 2 in the Gulf of Mexico.
- We are participating in the development of five key projects: Stones in the Gulf of Mexico, MMLS LNG in the USA, BC-10 Phase 3 in Brazil, Carmon Creek heavy oil in Canada and liquids-rich shale/tight-gas projects across North America.
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KEY FIGURES |
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2014 |
% of total | ||||||
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Total production (thousand boe/d) [A] |
762 |
25% |
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Liquids production (thousand b/d) [A][B] |
340 |
25% |
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Synthetic crude oil production (thousand b/d) [A] |
129 |
100% |
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Bitumen production (thousand b/d) [A] |
16 |
100% |
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Natural gas production (million scf/d) [A] |
1,611 |
17% |
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Gross developed and undeveloped acreage (thousand acres) |
50,731 |
19% |
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Proved oil and gas reserves excluding non-controlling interest (million boe) [C] |
3,564 |
27% |
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The acquisition of part of Repsol S.A.’s LNG portfolio was completed in January 2014, including LNG supply positions in Peru and Trinidad and Tobago, adding 7.2 mtpa of directly managed LNG volumes through long-term offtake agreements, including 4.2 mtpa of equity LNG plant capacity.
In the Americas, Shell has interests in Argentina, Brazil, Canada, Colombia, French Guiana, Guyana, Mexico, Trinidad and Tobago, Venezuela and the USA.
