Member access

4-Traders Homepage  >  Shares  >  Euronext Amsterdam  >  ROYAL DUTCH SHELL A    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL A (RDSA)

361
Delayed Quote. Delayed Euronext Amsterdam - 07/25 11:35:03 am
30.53 EUR   -0.59%
3d agoDJROYAL DUTCH SHELL A : 2Q 2014 -- Forecast
4d agoDJEUROPE MARKETS : Oil Shares Drive Higher In Europe; Publicis Slides
4d agoDJCanary Wharf Gets Planning Permission for Wood Wharf Development-Update
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

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

02/22/2013 | 08:11am US/Eastern
Recommend:
0

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
Recommend :
0
React to this article
Latest news on ROYAL DUTCH SHELL A
3d agoDJROYAL DUTCH SHELL A : 2Q 2014 -- Forecast
4d agoDJEUROPE MARKETS : Oil Shares Drive Higher In Europe; Publicis Slides
4d agoDJCanary Wharf Gets Planning Permission for Wood Wharf Development-Update
4d agoDJEUROPE MARKETS : Oil Shares, ARM Drive Gains In European Markets
4d agoDJMITSUBISHI : to Build Gasoil Import Terminal in Australia
5d ago ROYAL DUTCH SHELL A : Buyback of Own Shares
5d ago BP And Shell Join Deepwater Production Equipment Industry Initiative
5d ago ROYAL DUTCH SHELL A : Shell Oil Assigned Patent
5d ago NOBLE : EIG open $2bn venture
07/18DJShell Confirms Employees Were on Malaysia Airlines Flight -- Update
Advertisement
Chart
Duration : Period :
ROYAL DUTCH SHELL A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Income Statement Evolution
ROYAL DUTCH SHELL A : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF