Royal Dutch Shell Group .com Rotating Header Image

The Guardian: Shell’s Sakhalin sale ‘will have dramatic impact’

By Simon Bowers

Shell’s sale of half of its interest in Sakhalin-2 will result in a “fairly dramatic impact” on the Anglo-Dutch group’s production in years to come, according to analysts. Jon Rigby, at UBS, wiped 7.4%, or 330,000 barrels of oil equivalent a day, off his forecast for reported production in 2015.

The deal, which hands control of Sakhalin-2 to Russian state monopoly Gazprom, will see Shell relinquish about 2% of its 60bn barrels of oil equivalent. Shell will update its future production profile when reporting full-year figures in February. Royal Dutch Shell A shares closed down 1p at £17.89.

http://business.guardian.co.uk/story/0,,1977928,00.html

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Comments are closed.

%d bloggers like this: