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STATEMENT BY ROYAL DUTCH SHELL PLC: Update on Oil Sands segment

Tuesday, January 8, 2008
VOLUME 1 ISSUE 319

In the second quarter of 2007 Royal Dutch Shell Plc. (Shell), announced that as from the fourth quarter 2007 the Oil Sands operations in Canada will be disclosed separately from the Exploration & Production segment in the quarterly results announcements. The Canadian in-situ activities will continue to be reported under the Exploration & Production segment.
 
Until the third quarter of 2007 the Oil Sands financial results were included in the Exploration & Production segment of Shell’s financial statements.

The Oil Sands segment includes Canadian bitumen mining activities at the Muskeg River Mine, processing and transportation of bitumen to Scotford, and the upgrading activities at Scotford to produce synthetic crude and other by-products. A process overview is presented in appendix 1.

Download the apendices from www.shell.com/media.
 
Contact information
 
Investor Relations The Hague/London
Royal Dutch Shell plc
Investor Relations
PO Box 1622501 AN, The Hague
The Netherlands

Tel: +31 (0)70 377 4540
Fax: +31 (0)70 377 3115
e-mail:  [email protected]
website:  www.shell.com/investor

or

Investor Relations New York
Shell Oil Company
Investor Relations
630 Fifth Avenue
Suite 3166, New York
NY 10111
USA

Tel: +1 212 218 3113
Fax: +1 212 218 3114
e-mail:  [email protected]
website:  www.shell.com/investor

Disclaimer statement
This document contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ”anticipate”, ”believe”, ”could”, ”estimate”, ”expect”, ”intend”, ”may”, ”plan”, ”objectives”, ”outlook”, ”probably”, ”project”, ”will”, ”seek”, ”target”, ”risks”, ”goals”, ”should” and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this Report, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Group’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) loss of market and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, project delay or advancement, approvals and cost estimates; and (m) changes in trading conditions. All forward-looking statements contained in this document are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of this presentation. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this document.

The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions.  We use certain terms in this presentation, such as “oil in place” that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.  U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575 and disclosure in our Forms 6-K file No, 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330.
 

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