December 21, 2007: 05:21 AM EST
LONDON -(Dow Jones)- Nederlandse Aardolie Maatschappij BV, or NAM, a joint- venture between Royal Dutch Shell PLC (RDSB.LN) and ExxonMobil Corp. (XOM), said oil production will resume at the Dutch Schoonebeck field in 2010.
The decision to restart the oil field comes as rising oil prices and new technologies improve the economics of previously unprofitable oil and gas projects.
In a press statement on its Dutch Web site, Shell, which owns 50% of NAM, said the venture will partner with Dutch-state-owned natural gas company Energie Beheer Nederland BV. EBN will contribute 40% of the costs of the project.
The Schoonebeek oil field, which was discovered in 1943, is the largest onshore oil field in northwest Europe, Shell said.
One billion barrels of oil remain in the field. Between 1948 and 1996, 250 million barrels were produced from Schoonebeek before NAM decided to stop output due to the difficult nature of the oil extracted.
With new, innovative technologies, such as horizontal wells, NAM will be able to produce another 100 to 120 million barrels over the next 25 years, Shell said.
“This is an increase of the total Dutch oil reserves of about 50%,” Shell said.
Company Web site: www.shell.com
-By Benoit Faucon, Dow Jones Newswires; +44-20-7842-9266; benoit.faucon@ dowjones.com
(END) Dow Jones Newswires
12-21-07 0521ET
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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: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
