Bloomberg: Shell-Oman Venture Boosts Oil Reserves, Slows Field Decline
Sunday 19 June 2005
June 19 (Bloomberg) — Royal Dutch/Shell Group, Europe’s second-largest oil company, last year boosted reserves from its joint venture in Oman and slowed the rate of decline at maturing fields, the company said in its annual report.
“The field development plans for Lekhwair and Nimr yielded increases in reserves that more than offset the decreases in the reserves” of six other fields, Petroleum Development Oman said in the report on its Web site. The company didn’t provide a total figure for the increase.
PDO, in which Shell has a 34 percent stake, slowed the decline in production by drilling more wells and managing pressure in the reservoirs. Oil production last year fell to a 10-year low of 710,000 barrels of oil a day, the company said.
Shell, based in London and The Hague, is seeking new fields after disclosing in January 2004 that it overstated oil and gas reserves for years, which led to the departure of three senior executives, more than a dozen investor lawsuits and a U.S. Justice Department criminal probe.
Last month, Shell lost a $2 billion oil field project to Occidental Petroleum Corp. and its partner, Abu Dhabi’s Liwa Energy Ltd., because of disagreement with the Oman government over how best to tap the oil.
To contact the reporter on this story:
Dania Saadi in Dubai at [email protected].
http://www.bloomberg.comshelloman
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
