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

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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 [email protected]; 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
10/18 ROYAL DUTCH SHELL : Europe`s largest oil company buys Europe`s largest electric ..
10/18DJWoodside Narrows Production Range as Wheatstone Starts Up
10/18DJROYAL DUTCH SHELL : Vivo Energy Bets on Africa With $3 Billion IPO--Update
10/18 ROYAL DUTCH SHELL : Local cracker project at heart of Shell's massive investment..
10/18DJROYAL DUTCH SHELL : Vivo Energy Bets on Africa With IPO
10/18 ROYAL DUTCH SHELL : US shale to help power Shells multi-billion dollar chemicals..
10/18 ROYAL DUTCH SHELL : Shell divestment transformed NPDC into a major oil company O..
10/18DJCorrection to Oil Companies Defend Big Bets on Gas Story on Tuesday
10/17DJOil Companies Defend Big Bets on Gas
10/17 ROYAL DUTCH SHELL : Shell again eyes oil, gas exploration in Bosnia
More news
News from SeekingAlpha
10/18 This Will Not Be The 'Last Great Secular Oil Bull Market'
10/18 Rio Tinto -4% as African scandal continues to bite
10/18 Shell open first charging points at U.K. gasoline stations
10/18 Long Transocean, Short Diamond Offshore - Does This Makes Sense?
10/17 OIL : Innovate Or Die
Financials ($)
Sales 2017 283 B
EBIT 2017 21 872 M
Net income 2017 13 767 M
Debt 2017 60 507 M
Yield 2017 6,06%
P/E ratio 2017 16,71
P/E ratio 2018 15,32
EV / Sales 2017 1,11x
EV / Sales 2018 1,04x
Capitalization 253 B
Chart ROYAL DUTCH SHELL
Duration : Period :
Royal Dutch Shell Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Technical analysis trends ROYAL DUTCH SHELL
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 31,7 $
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Ben van Beurden Chief Executive Officer & Executive Director
Charles O. Holliday Chairman
Jessica Uhl Chief Financial Officer
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL-0.67%253 121
PETROCHINA COMPANY LIMITED0.38%210 654
TOTAL-6.03%136 773
PETROLEO BRASILEIRO SA PETROBRAS8.14%67 861
STATOIL1.20%67 818
NK ROSNEFT' PAO--.--%60 631