Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

Delayed Quote. Delayed  - 08/26 05:35:26 pm
22.275 EUR   +1.14%
08/27 ROYAL DUTCH SHE : Shell to Take Over Operatorship of Knarr & Gaupe f..
08/26 PETRO MATAD : Squeezes Out Tiny Profit As Income Flows From Partner ..
08/26 ROYAL DUTCH SHE : State legislators come together to talk Shell crac..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ROYAL DUTCH SHELLA : Shell Suggests More Realistic Iraq Oil Target

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/17/2012 | 10:53pm CEST

Iraq may be forced to cut its ambitious oil production targets by as much as 40%, despite recently boosting output to pre-Gulf War levels, a senior Royal Dutch Shell PLC (RDSB.LN) executive said Thursday.

Although Iraq has been steadily improving output in recent months -- the International Energy Agency estimates the country has been pumping as many as 250,000 more barrels a day since August -- its plans to produce 11 million barrels a day by 2020 are unlikely to come to pass, according to the Shell official.

Instead, Iraq can realistically expect to boost oil output to between 6 million and 7 million barrels a day, said Ruth Cairnie, Shell executive vice president for strategy and planning. "Iraq has acknowledged that its targets are too ambitious," said Cairnie, who was addressing a conference here.

Shell, which is renovating the giant Majnoon field with Malaysia's Petronas, is one of the largest oil companies operating in Iraq.

In another interview, the head of Shell's Iraq operations said the Anglo-Dutch major was in talks with the government about how best to develop the Majnoon field. While he acknowledged that this could mean a reduction in the targeted production plateau level of 1.8 million barrels a day, he stressed that discussions were ultimately aimed at ensuring Iraq's oil reservoirs were better maintained for longer.

"We're now in exploratory discussions with the government about the optimal field development plan. A reduction in the plateau, and consequent extension of the field's life, could be an outcome, but you have to look at that not so much as a Majnoon issue as one in the overall context of what is overall the right production level for Iraq," said Nijkamp.

While Iraq's deputy prime minister in charge of energy, Hussain al-Shahristani, has set a target of 11 millions barrels a day by 2020, industry analysts and executives have cautioned that this is unrealistic. In particular, the war-damaged country's lack of adequate export infrastructure and insufficient water supplies -- a key component when pumping crude -- mean this ambition is little more than a pipe dream.

However, this target is actually a revision of the country's previously stated output goal of 12 million barrels a day. Shahristani last month gave a more circumspect assessment of Iraq's crude prospects, saying the change of plan was undertaken to "maximize the recovery from each field...and extend the plateau production," to 2035.

-By Alexis Flynn, Dow Jones Newswires; +44 20 7842 9471; alexis.flynn@dowjones.com (James Herron contributed to this report.)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROYAL DUTCH SHELL A
08/27 ROYAL DUTCH SHELL A : Shell to Take Over Operatorship of Knarr & Gaupe from BG
08/26 PETRO MATAD : Squeezes Out Tiny Profit As Income Flows From Partner Exit
08/26 ROYAL DUTCH SHELL A : State legislators come together to talk Shell cracker plan..
08/25 ROYAL DUTCH SHELL A : Publication of a Supplementary Prospectus
08/25DJOil Firms Binge on Debt -- WSJ
08/24DJLargest Oil Companies' Debts Hit Record High -- Update
08/24DJROYAL DUTCH SHELL A : Correction to U.S. LNG for China Story
08/24DJU.S. LNG for China Arrives Via Panama Canal
08/24DJLargest Oil Companies' Debts Hit Record High
08/23 ROYAL DUTCH SHELL A : County officials ask how to cash in on cracker plant
More news
Sector news : Oil & Gas Refining and Marketing - NEC
08/28DJCHINA PETROLEUM & CHEMICAL : 1st Half Net CNY19.92 Billion, Down 21.6% on Year
08/27DJExxon Mobil Backs Out of Proposed Alaska LNG Project
08/27 BP : Shell evacuating some staff from U.S. Gulf on storm threat
08/25DJOil Firms Binge on Debt -- WSJ
08/24DJLargest Oil Companies' Debts Hit Record High -- Update
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
08/26 Global LNG Situation Will Play Out In Shell's Favor
08/25 REUTERS : Nord Stream 2 partners rework funding after JV collapses
08/25 CRUDE OIL : Imports Surge To 2nd Highest Level Since 2012
08/24 WSJ : Exxon, Shell, BP and Chevron have $184B in combined debt
08/24 U.S. liquefied natural gas for China arrives via expanded Panama Canal
Advertisement
Financials ($)
Sales 2016 230 666 M
EBIT 2016 13 689 M
Net income 2016 7 879 M
Debt 2016 64 701 M
Yield 2016 7,49%
P/E ratio 2016 18,58
P/E ratio 2017 10,33
EV / Sales 2016 1,17x
EV / Sales 2017 0,94x
Capitalization 204 930 M
More Financials
Chart ROYAL DUTCH SHELL A
Duration : Period :
Royal Dutch Shell A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL A
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 31,1 $
Spread / Average Target 25%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ben van Beurden Chief Executive Officer & Executive Director
Charles Holliday Chairman
Simon P. Henry Chief Financial Officer & Executive Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL A4.41%206 124
EXXON MOBIL CORPORATIO..11.96%361 878
BP PLC22.84%107 729
CHINA PETROLEUM & CHEM..-0.20%89 383
SAUDI BASIC INDUSTRIES..--.--%66 198
RELIANCE INDUSTRIES LI..1.60%49 660
More Results