Bloomberg.com: Shell Says It’s Reviewing Timing of Canada Reserves Revision
May 28 (Bloomberg) — Royal Dutch/Shell Group, Europe’s second- largest oil company, said it is reviewing the timing of revisions to some proved natural gas reserves in Canada, after cutting its holdings four times this year.
Shell is looking into the timing of the removal from proved reserves from 2000 through 2003 of gas at Canada’s Sable Island field, Shell Transport & Trading Co., Shell’s U.K. parent company, said in its annual report. The amount of gas equals between 100 million to 150 million barrels of oil, Shell said.