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Dow Jones Newswires: Shell Makes Natural Gas Discovery in the North Sea

By Spencer Swartz, Dow Jones Newswires  


Royal Dutch Shell PLC (RDSA) said Wednesday it has found around 3 billion cubic meters of natural gas, or 18 million barrels of oil equivalent, in two North Sea blocks.

The Anglo-Dutch company said in a statement it planned to develop the gas finds, in the southern North Sea, under the names Shamrock North and Shamrock South.

“Shamrock is likely to come on stream in 2008,” Shell said.

The gas finds, of which Shell has 100% interest, are equal to less than 5% of the U.K.’s current annual gas demand, which has been increasingly driven by the growing number of gas-fired power plants.

Copyright (c) 2006 Dow Jones & Company, Inc.

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  1. Sardar Pishdare says:

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    Best regard
    Sardar Pishdare


    The Kurdistan Regional Government in the north of Iraq is to sign oil contracts with companies next month, and is in talks with oil majors, its oil minister said Wednesday.

    Ashti Hawrami, the KRG’s minister of natural resources, told reporters on the sidelines of a London briefing on the region’s oil sector: “We have been talking to oil majors about specific areas,” though he declined to say which companies were in the frame.

    Officials from Royal Dutch Shell PLC (RDSB.LN), Eni SpA (E), BHP Billiton (BHP) and Statoil SA (STO) were among those at the briefing.