THE HAGUE, The Netherlands,
May 16, 2013 /PRNewswire/ --
Shell Petroleum Development Company Limited ("SPDC") has
declared force majeure on gas supplies to Nigeria LNG, effective
09:00 hrs (Nigerian time) on Wednesday, May
15 2013.
This action is due to production deferment following a reported
leak along the Eastern Gas Gathering System (EGGS-1) right-of-way
(RoW) near Awoba in Rivers State. In line with safety precautions,
we have shut down our Soku and Gbaran Ubie gas export via the EGGS1
pipeline.
Some 1.5 billion standard cubic feet of gas per day is currently
impacted. For a limited time and subject to capacity limitations,
we are able to export about 100-200MMscf/d from Soku via the
GTS1.
Cautionary note
The companies in which Royal Dutch
Shell plc (NYSE: RDS.A) (NYSE:
RDS.B) directly and indirectly owns investments are separate
entities. In this announcement "Shell", "Shell Group" and
"Royal Dutch Shell" are sometimes
used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in
general. Likewise, the words "we", "us" and "our" are also used to
refer to subsidiaries in general or to those who work for them.
These expressions are also used where no useful purpose is served
by identifying the particular company or companies. "Subsidiaries",
"Shell subsidiaries" and "Shell companies" as used in this
announcement refer to companies in which Shell either directly or
indirectly has control, by having either a majority of the voting
rights or the right to exercise a controlling influence. The
companies in which Shell has significant influence but not control
are referred to as "associated companies" or "associates" and
companies in which Shell has joint control are referred to as
"jointly controlled entities". In this announcement, associates and
jointly controlled entities are also referred to as
"equity-accounted investments". The term "Shell interest" is used
for convenience to indicate the direct and/or indirect (for
example, through our 23 per cent shareholding in Woodside Petroleum
Ltd.) ownership interest held by Shell in a venture, partnership or
company, after exclusion of all third-party interest.
This announcement contains forward looking statements concerning
the financial condition, results of operations and businesses of
Shell and the Shell Group. 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 Shell and
the Shell Group 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", "goals", "intend", "may",
"objectives", "outlook", "plan", "probably", "project", "risks",
"seek", "should", "target", "will" and similar terms and phrases.
There are a number of factors that could affect the future
operations of Shell and the Shell Group and could cause those
results to differ materially from those expressed in the forward
looking statements included in this announcement, including
(without limitation): (a) price fluctuations in crude oil and
natural gas; (b) changes in demand for Shell's products; (c)
currency fluctuations; (d) drilling and production results; (e)
reserves estimates; (f) loss of market share 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 regulatory measures addressing climate change; (k)
economic and financial market conditions in various countries and
regions; (l) political risks, including the risks of expropriation
and renegotiation of the terms of contracts with governmental
entities, delays or advancements in the approval of projects and
delays in the reimbursement for shared costs; and (m) changes in
trading conditions. All forward looking statements contained in
this announcement 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. Additional factors that may affect future results are
contained in Shell's 20-F for the year ended 31 December 2011
(available at http://www.shell.com/investor and
http://www.sec.gov). These factors also should be considered by the
reader. Each forward looking statement speaks only as of the
date of this announcement, 16 May 2013. Neither Shell nor any of
its subsidiaries nor the Shell Group 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 announcement.
Enquiries:
Shell Media Relations:
International +44(0)207-934-5550
Americas
+1-713-241-4544
Shell Investor Relations:
International +31-70-377-4540
North
America +1-713-241-1042
SOURCE Royal Dutch Shell plc