DELIVERY & GROWTH FIVE-YEAR FACT BOOK - Shell

Shell participates in the development of the Mukhaizna oil field
(Shell interest 17%) where horizontal steam flooding will be
applied on a large scale. This field is expected to significantly
contribute to the country’s oil production capacity.
Shell also has a 30% interest in Oman LNG (capacity 7.1 mtpa)
that supplies Far East markets under long-term contracts and an
indirect interest of 11% in Qalhat LNG (capacity 3.7 mtpa).
PAKISTAN
Shell holds an interest in the Bhit and Badhra development and
production leases. We also hold a share of a deep-water block
offshore Pakistan (Shell interest 25%). In 2008, Shell and other
participants advised the government of their intent to relinquish
their interest in the block. Completion of the relinquishment
process is expected in 2009.
QATAR
Following approval from Qatar Petroleum, Shell made the final
investment decision on the integrated Pearl GTL project in 2006
and began construction later that year. Shell provides 100% of
project funding under our development and production-sharing
agreement with the government of the State of Qatar. The fully
integrated project includes upstream production of some 320,000
boe/d of gas from Qatar’s North Field; transport and processing of
the gas to produce around 120,000 boe/d of natural gas liquids,
and the construction of the world’s largest onshore GTL complex
to convert the remaining gas into 140,000 b/d of clean liquid
hydrocarbon products.
Construction of the Pearl GTL project in Qatar
Construction of the Qatargas 4 LNG Project (Shell interest 30%,
Qatar Petroleum 70%) continues following the final investment
decision of December 2005. The project comprises the integrated
development of upstream gas production facilities to produce some
1.4 bcf/d of natural gas from Qatar’s North Field, a single LNG
train yielding around 7.8 mtpa, and shipping of the LNG to
markets in North America, China and Dubai. The upstream
platforms and infrastructure consists of three unmanned
platforms, up to 33 wells and two undersea pipelines.
SAUDI ARABIA
Shell is a partner in the South Rub Al-Khali Company Limited
(SRAK) joint venture (Shell interest 50%). SRAK has interests in
two areas covering 210,000 km 2 in the Empty Quarter of Saudi
Arabia and is continuing to evaluate the area.
SYRIA
Shell holds interests ranging from 62.5% to 66.67% in three
PSCs that were extended by 10 years in 2008. They now expire
between 2018 and 2024. Shell’s production amounted to some
23,000 boe/d in 2008.
Shell is also a party to a gas-utilisation agreement for the
collection, processing and sharing of natural gas from
designated fields for use in Syrian power generation and other
industrial processes.
In February 2007, Shell entered into two PSCs for Blocks 13 and
15 in the south of Syria and completed seismic data acquisition in
August 2008.
Shell Financial and Operational Information 2004–2008 51