THE HAGUE, April 17, 2014 /PRNewswire/ --
Shell (NYSE: RDS.A) (NYSE: RDS.B) today announced an exploration
discovery offshore Malaysia. The
successful 'Rosmari-1' well is located 135 kilometres offshore in
Block SK318, and was drilled to a total depth of 2,123 metres. The
well encountered more than 450 metres of gas column. With further
exploration planned, the finding is a positive indicator of the gas
potential in an area of strategic interest for Shell.
"Rosmari-1 is a testament to our ability to successfully drill
and build understanding of new geology within our existing
exploration heartlands, adding value to our existing assets in
Malaysia," said Andy Brown, Director Shell Upstream
International. "We are expanding and rejuvenating heartlands across
our exploration portfolio, including in Brunei, Australia and the Gulf of Mexico."
"This adds to Shell's sequence of recent exploration successes
in Malaysia, with these
discoveries expanding the company's heartlands positions," said
Iain Lo, Chairman Shell
Malaysia.
Block SK318 is Shell operated with an 85% interest, with the
remaining 15% held by PETRONAS Carigali Sdn Bhd.
Cautionary note
The companies in which Royal Dutch
Shell plc directly and indirectly owns investments are
separate entities. In this press release "Shell", "Shell group" and
"Royal Dutch Shell" are sometimes
used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in
general. Likewise, the words "we", "us" and "our" are also used to
refer to subsidiaries in general or to those who work for them.
These expressions are also used where no useful purpose is served
by identifying the particular company or companies.
'‘Subsidiaries'’, "Shell subsidiaries" and "Shell companies" as
used in this press release refer to companies in which Royal Dutch Shell either directly or indirectly
has control, by having either a majority of the voting rights or
the right to exercise a controlling influence. The companies in
which Shell has significant influence but not control are referred
to as "associated companies" or "associates" and companies in which
Shell has joint control are referred to as "jointly controlled
entities". In this press release, associates and jointly controlled
entities are also referred to as "equity-accounted investments".
The term "Shell interest" is used for convenience to indicate the
direct and/or indirect (for example, through our 23% shareholding
in Woodside Petroleum Ltd.) ownership interest held by Shell in a
venture, partnership or company, after exclusion of all third-party
interest.
This press release 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 press release, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand
for the Shell's products; (c) currency fluctuations; (d) drilling
and production results; (e) reserve estimates; (f) loss of market
share 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 regulatory measures addressing climate
change; (k) economic and financial market conditions in various
countries and regions; (l) political risks, including the risks of
expropriation and renegotiation of the terms of contracts with
governmental entities, delays or advancements in the approval of
projects and delays in the reimbursement for shared costs; and (m)
changes in trading conditions. All forward-looking statements
contained in this press release 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. Additional factors that may affect
future results are contained in Royal Dutch Shell's 20-F for the
year ended December 31, 2013 (available at
http://www.shell.com/investor and http://www.sec.gov). These
factors also should be considered by the reader. Each
forward-looking statement speaks only as of the date of this press
release, April 17, 2014. 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
press release.
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 may have used certain terms in this press
release that 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, available
on the SEC website http://www.sec.gov. You can also obtain this
form from the SEC by calling 1-800-SEC-0330.
Enquiries
Shell Media Relations
International: +44-207-934-5550
Americas: +1-713-241-4544
Shell Investor Relations
International: +31-70-377-4540
North America:
+1-713-241-1042
SOURCE Royal Dutch Shell plc