Log in
Login
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  - 07/22 05:36:43 pm
25.02 EUR   -0.30%
07/23 ROYAL DUTCH SHE : BP seeks to offload stake in its UK fuel storage t..
07/21DJConocoPhillips to Lay Off Another 1,000 Energy Workers -- Update
07/21DJConocoPhillips to Lay Off Another 1,000 Energy Workers
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Shell: Reassessing Development Plan For North Sea Fram Oil, Gas Field

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 02:11pm CEST

By Selina Williams

LONDON--Royal Dutch Shell PLC (>> Royal Dutch Shell Plc) is reassessing its development plan for the Fram oil and gas field in the North Sea following "unexpected" initial drilling results, the company said late Thursday.

Shell had planned to produce an average of 35,000 barrels of oil equivalent a day from the field, with first production targeted within the next three years.

"Development drilling for the Fram field began last year but early assessments have shown unexpected well results. Development drilling will continue for the next several months and the results will inform a revised strategy for Fram," Shell said in a statement posted on its website.

Shell and its partner in the joint venture Esso Exploration & Production UK Ltd., a unit of Exxon Mobil Corp. (>> Exxon Mobil Corporation), is continuing to evaluate the potential of the Fram reservoirs, with a view to producing an alternative development plan for the field, Shell said.

Shell has already cancelled an order with SBM NV (>> SBM OFFSHORE) for a floating production storage and offloading vessel, or FPSO, that was to be used in the Fram project.

The Fram field is located 220 kilometers east of Aberdeen and 50 kilometers west of the median line between the U.K. and Norway in a water depth of approximately 100 meters.

Write to Selina Williams at selina.williams@wsj.com; Twitter: @selinawilliams3

-0- 
 

(MORE TO FOLLOW) Dow Jones Newswires

02-22-13 0810ET

Stocks mentioned in the article : Royal Dutch Shell Plc, SBM OFFSHORE, Exxon Mobil Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROYAL DUTCH SHELL A
07/23 ROYAL DUTCH SHELL A : BP seeks to offload stake in its UK fuel storage terminals..
07/22 ROYAL DUTCH SHELL A : Fear grips residents over Bayelsa earth tremor
07/21DJConocoPhillips to Lay Off Another 1,000 Energy Workers -- Update
07/21DJConocoPhillips to Lay Off Another 1,000 Energy Workers
07/21DJConocoPhillips to Lay Off Another 1,000 Energy Workers
07/21 ROYAL DUTCH SHELL A : Shell, Rockwell make oil and gas production smart
07/21 ROYAL DUTCH SHELL A : BP eyes sell-off of UK oil terminals and pipeline stake
07/21 ROYAL DUTCH SHELL A : Walker picks former state Sen. French for oil and gas comm..
07/21 PRESS : BP To Sell Stake In Major UK Pipeline As Part Of Shake-Up
07/21 ROYAL DUTCH SHELL A : *jpmorgan raises shell b price target to 1952 pence - 'neu..
More news
Sector news : Oil & Gas Refining and Marketing - NEC
07/23DJFuel Glut Keeps Pressure on Refiners' Profit
07/22DJCorrection to InterOil Article on Monday
07/22DJCorrection to InerOil Article on Thursday
07/21DJSantos 2Q Revenue Falls, Maintains Annual Output Target
07/21DJExxon Wins Bidding War for InterOil After Oil Search Pulls Out -- Update
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
07/22 Statoil downgraded at Morgan Stanley, which prefers Shell
07/21 First U.S. LNG shipment to cross expanded Panama Canal next week
07/21 REUTERS : Nigeria's Qua Iboe crude under force majeure for at least a month
07/21 REUTERS : Chevron's Gorgon plant faces union calls for safety checks
07/20 CRUDE OIL : The Gasoline Glut Continues
Advertisement
Financials ($)
Sales 2016 228 836 M
EBIT 2016 14 823 M
Net income 2016 7 874 M
Debt 2016 63 213 M
Yield 2016 6,76%
P/E ratio 2016 21,07
P/E ratio 2017 11,93
EV / Sales 2016 1,26x
EV / Sales 2017 1,01x
Capitalization 225 763 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 30,7 $
Spread / Average Target 12%
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 A18.63%225 763
EXXON MOBIL CORPORATIO..20.60%389 823
BP PLC27.71%112 365
CHINA PETROLEUM & CHEM..-2.42%87 342
SAUDI BASIC INDUSTRIES..--.--%66 621
RELIANCE INDUSTRIES LI..-0.42%48 978
More Results