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Sep 5, 2012

Shell today announced that it will go ahead with the first carbon capture and storage (CCS)
project for an oil sands operation in Canada. The Quest project will be built on behalf of the
Athabasca Oil Sands Project joint venture owners (Shell, Chevron and Marathon Oil*) and with
support from the Governments of Canada and Alberta.

CCS is critical to meeting the huge projected increase in global energy demand while reducing
carbon dioxide (CO2) emissions, explained Peter Voser, Chief Executive Officer of Royal Dutch
Shell plc. “If you want to achieve climate change goals, CCS has to be part of the solution. We
are helping to advance CCS technology on a number of fronts around the world, but Quest will
be our flagship project.”

Alberta’s oil sands are a secure, reliable source of energy and an economic engine which drives
employment, training and business development across Canada and beyond. “We will need all
sources of energy to meet world demand in the coming decades,” Voser noted. “Lower
CO2 energy sources will grow, but even by 2050 at least 65 per cent of our energy will still come
from fossil fuels. So CCS will be important to manage climate impacts.”
The Athabasca Oil Sands project produces bitumen, which is piped to Shell’s Scotford Upgrader
near Edmonton, Alberta. From late 2015, Quest will capture and store deep underground more
than one million tonnes a year of CO2 produced in bitumen processing. Quest will reduce direct
emissions from the Scotford Upgrader by up to 35 per cent – the equivalent of taking 175,000
North American cars off the road annually.
“Quest is another example of how we are using technology and innovation to improve the
environmental performance of our oil sands operations,” said Shell Executive Vice President of
Heavy Oil, John Abbott. “The opportunity Quest provides to reduce emissions from our upgrading
activities is an important achievement in itself, but the project’s technical and strategic value
reaches beyond the emissions it will capture.”
“Quest is important because it is a fully integrated project that will demonstrate existing capture,
transportation, injection and storage technologies working together for the safe and permanent
storage of CO2. The knowledge it provides will help to enable much wider and more cost-
effective application of CCS through the energy industry and other sectors in years to come.”
Both the Canadian federal and Albertan provincial governments have identified CCS as an
important technology in their strategies to reduce CO2 emissions. The Alberta government will
invest $745 million in Quest from a $2-billion fund to support CCS, while the Government of
Canada will invest $120 million through its Clean Energy Fund.
“We will continue to invest in innovative clean energy technologies such as the Shell Quest
project to help support high-quality jobs and responsible development of Canada’s energy
resources,” said the Honourable Joe Oliver, Minister of Natural Resources. “Carbon capture and
storage has the potential to help us balance our need for energy with our need to protect the
environment.”
“Today’s announcement reaffirms Alberta’s position as a global leader in carbon capture and
storage,” said Energy Minister Ken Hughes. “Technologies like CCS will play an instrumental role
in helping to lower greenhouse gas intensity from the oil sands and demonstrate to the world
Alberta’s commitment to responsible energy development.”
The International Energy Agency (IEA) calls CCS “a crucial part of worldwide efforts to limit
global warming” and estimates that it could deliver about one-fifth of necessary worldwide
reductions in greenhouse gases by 2050. Shell is also working with governments and experts to
help the development of CCS in other countries, including projects in Norway and Australia.
Quest is the world’s first commercial-scale CCS project to tackle carbon emissions in the oil
sands, and the first CCS project in which Shell will hold majority ownership and act as designer,
builder and operator. It will also form the core of Shell’s CCS research programme and help
develop Shell’s CO2 capture technology.
Shell has received the necessary federal and provincial regulatory approvals for
Quest. Construction has begun and will employ an average of about 400 skilled trades workers
over roughly 30 months, peaking at about 700.
* The Athabasca Oil Sands Project, with 255,000 barrels per day of mining and upgrading capacity, is a joint venture among Shell Canada Energy
(60 per cent), Chevron Canada Limited (20 per cent) and Marathon Oil Canada Corporation (20 per cent).

More about Quest


The Quest CCS project will capture more than one million tonnes per year of CO2 from the
Scotford Upgrader located near Edmonton, Alberta and transport it up by an 80 km underground
pipeline to a storage site north of the Scotford site. Here, it will inject it more than two kilometres
underground into a porous rock formation called the Basal Cambrian Sands (BCS), which is
located beneath layers of impermeable rock. Sophisticated monitoring technologies will ensure
the CO2 is permanently stored. In 2011, Quest received the world’s first certificate of fitness for
its storage development plan from Det Norske Veritas (DNV), an international risk management
firm. DNV assembled a panel of seven CCS experts from academia and research
institutions to perform the review over a two-week period.
To improve efficiency, up to 50 per cent of project work will be done offsite at a construction yard
yet to be selected. Shell will use third-party construction facilities in Edmonton, helping the
continuing development of key construction capacity in the province. Large pre-assembled
modules will then be delivered to the Shell site for installation.

Enquiries
Shell Canada Media Relations: media-desk@shell.com or +1 877 850 5023. Please provide
both your e-mail and phone number as some queries will only be answered via e-mail.
Shell Investor Relations Europe: +31 (0)70 377 3996
Shell Investor Relations United States: +1 713 241 2069
Shell International Media Relations: +44 (0) 207 934 5550
About Quest
Visit the Shell in Canada website to find out more about the Quest Carbon Capture and Storage
(CCS) Project
▪ About Quest
Oct 18, 2012

Today Shell celebrated the cutting of first steel for the game-changing Prelude floating liquefied
natural gas (FLNG) facility’s substructure with joint venture participants, Inpex and KOGAS, and
lead contractor, the Technip Samsung Consortium, at Samsung Heavy Industries’ Geoje
shipyard in South Korea.

Shell’s Projects & Technology Director Matthias Bichsel commented: “We are cutting 7.6 tonnes
of steel for the Prelude floating liquefied natural gas facility today, but in total, more than 260,000
tonnes of steel will be fabricated and assembled for the facility. That’s around five times the
amount of steel used to build the Sydney Harbour Bridge. Today’s ceremony marks a major
milestone in this project, when the innovative thinking and new technology and engineering
solutions which will make FLNG possible begin to be realised.”

When completed, the Prelude FLNG facility will be 488 metres long and 74 metres wide, making
it the largest offshore floating facility ever built. When fully equipped and with its cargo tanks full,
it will weigh more than 600,000 tonnes. There will be over 3,000 kilometres of electrical and
instrumentation cables on the FLNG facility, the distance from Barcelona to Moscow.

“Making FLNG a reality is no simple feat,” Matthias continued. “Shell is uniquely positioned to
make it a success given our commercial capability; our LNG, offshore, deepwater and marine
technology; and our proven ability to successfully deliver megaprojects.”

In order to meet the world’s growing energy demand, bringing new supplies to market is critical.
The Prelude FLNG facility will be deployed in Australian waters over 200 kilometres from the
nearest point on the coast. It will produce gas at sea, turn it into liquefied natural gas and then
transfer it directly to the ships that will transport it to customers.

An expert team from Shell will manage the multi-year construction of the FLNG facility to ensure
the Prelude project’s critical dimensions of safety, quality, cost and schedule are
delivered. Strategic partners Technip and Samsung Heavy Industries (the Technip Samsung
Consortium) along with SBM and hundreds of suppliers and contractors around the world are all
contributing valuable knowledge, skills and equipment to help make the project a success. At
peak levels, around 5,000 people will be working on the construction of the FLNG facility in South
Korea; and another 1,000 will build the turret mooring system, subsea and wells equipment in
other locations across the globe.

In the lead up to the facility being ready to start production, a number of actions will take place,
such as drilling the production wells, installation of subsea flowlines and risers and mooring
chains to prepare for the arrival of the FLNG facility.

Prelude FLNG is the latest in a line of Shell achievements in developing new technologies for the
oil and gas industry, reinforcing its leadership in technology and innovation. This is the first of
what Shell expects to be multiple Shell FLNG projects.
Notes to Editors
In 2012, Australian subsidiaries of INPEX Corporation (17.5%) and Korea Gas Corporation
(10%) joined the Prelude FLNG project. An Australian subsidiary of CPC Corporation (5%) has
also signed an agreement to do so. Completion of this transaction remains subject to conditions
including Taiwanese government approval. By taking a stake in the project, INPEX, KOGAS and
CPC show the confidence they place in Shell’s FLNG technology.
FLNG will enable the development of gas resources ranging from clusters of smaller more
remote fields to potentially larger fields via multiple facilities where, for a range of reasons, an
onshore development is not viable. This can mean faster, cheaper, more flexible development
and deployment strategies for resources that were previously uneconomic, or constrained by
technical or other risks.
Many of the technologies used on the FLNG facility are ones that Shell has used successfully
onshore, but some have been extended or modified for offshore. The new technologies that Shell
developed for FLNG include: managing sloshing in LNG tanks; systems for managing the close
coupling between the producing wells and the LNG processing facility; LNG offloading arms;
water intake risers; mooring systems; and the marinisation of processing equipment such as
absorption columns and the main cryogenic heat exchangers. All of these technologies have
been extensively modelled and tested to ensure they can operate safely and efficiently under
marine conditions.
Shell’s innovation in FLNG has been recognised by the industry including:
▪ Lloyd’s List award for Technological Innovation 2012
▪ CWC / WGI LNG Award for Outstanding Contribution to the Industry 2011
▪ Download images from the steel cutting

Enquiries
Shell Media Relations
International, UK, European Press: +44 207 934 5550
Australia: +61 417 007 344
Shell Investor Relations
Europe - Tjerk Huysinga: + 31 70 377 3996
United States – Ken Lawrence: +1 713 241 2069
Find out more about the world’s biggest offshore floating facility.
▪ Prelude FLNG
Nov 14, 2012

Royal Dutch Shell plc (“Shell”) hosted a management day with investors today, focusing on
global gas and Asia Pacific Upstream.

Outlining Shell’s global gas strategy, CEO Peter Voser said: “Strong growth in gas markets,
especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Integrated
Gas earnings have more than trebled in the last five years, reaching $9 billion over the last year,
driven by liquefied natural gas (“LNG”) and gas-to-liquids (“GTL”), and we see growth
opportunities to invest over $20 billion here for 2012-15.”

“We are aiming to develop profitable new gas supplies to meet the market’s growing demand for
clean and affordable low carbon energy. This plays to Shell’s technology and financial strength.”

Global primary energy demand could double to 400 million barrels of oil equivalent per day
(“Mboe/d”) in the first half of the 21st century, from some 200 Mboe/d in 2000, and 270 Mboe/d in
2011, driven by the non-OECD economies. Some two thirds of energy consumption in 2030
could be in the non-OECD, compared to 56% today.

Meeting this growth in demand will require large scale and sustained investment in all forms of
energy, with an energy mix that is 80% hydrocarbons today, and it will be dominated by
hydrocarbons for some time to come.

Natural gas, which is the cleanest burning fossil fuel, has an important role to play, with more
than 250 years of global supply established, and emerging exploration potential, especially in
shale gas. Shell expects global natural gas demand to increase by 60% from 2010 to 2030,
reaching 25% of the global primary energy mix and within that, strong growth in LNG.

LNG demand has doubled to 200 million tonnes per annum (“mtpa”) in the first decade of this
century. Shell expects LNG demand to double again to 400 mtpa by 2020, and potentially reach
500 mtpa by 2025. Meeting this demand growth will require substantial industry investment –
potentially more than $700 billion – and continued innovation and interdependency between
supplier and customer countries.

Shell is the industry leader in LNG and in gas-to-liquids, and is developing innovative new
integrated applications, such as gas-to-chemicals, converting ethane into commercial
petrochemicals, and LNG for transport, which offers a lower emission and lower cost alternative
to oil fuels.

Shell has 22 mtpa of LNG on stream today, and is building 7 mtpa of new LNG capacity in
Australia that will increase Shell production by 30%. In addition, the company is maturing over 20
mtpa of further LNG options, in Australia, Indonesia and North America, that should drive Shell’s
LNG leadership into the next decade.

For the longer term, Shell has gas-focused exploration programmes in exciting acreage positions
such as China, South Africa and Ukraine, which have large scale resources potential, and is
assessing over 5 mtpa of LNG to transport opportunities world-wide.

Voser concluded: “Technological innovation continues to differentiate Shell from our competition
and today Shell is the industry leader in LNG, FLNG and GTL.”
“We are using Shell’s scale and innovation to continue to drive gas growth through integrated
value chains. Our portfolio and opportunity set in global gas is unrivalled in the industry today.
There is more to come from Shell”.

Slides from management day presentations


▪ Slides from management day presentations
▪ Slides from management day presentations

Enquiries

Shell Media Relations


International, UK, European Press: +44 207 934 5550

Shell Investor Relations


Europe: + 31 70 377 3996
United States: +1 713 241 2069
Dec 7, 2012

The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro
equivalent dividend payments in respect of the third quarter 2012 interim dividend, which was
announced on November 1, 2012 at US$0.43 per A ordinary share (“A Share”) and B ordinary
share (“B Share”).

Dividends on A Shares will be paid, by default, in euro at the rate of €0.3333 per A Share.
Holders of A Shares who have validly submitted pounds sterling currency elections by November
30, 2012 will be entitled to a dividend of 26.86p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 26.86p per B
Share. Holders of B Shares who have validly submitted euro currency elections by November 30,
2012 will be entitled to a dividend of €0.3333 per B Share.

This dividend will be payable on December 20, 2012 to those members whose names were on
the Register of Members on November 16, 2012.

Taxation cash dividends

Dividends on A Shares will be subject to the deduction of Netherlands dividend withholding tax at
the rate of 15%, which may be reduced in certain circumstances. Provided certain conditions are
met, shareholders in receipt of A Share dividends may also be entitled to a non-payable dividend
tax credit in the United Kingdom.

Shareholders resident in the United Kingdom, receiving dividends on B Shares through the
Dividend Access Mechanism, are entitled to a tax credit. This tax credit is not repayable. Non-
residents may also be entitled to a tax credit, if double tax arrangements between the United
Kingdom and their country of residence so provide, or if they are eligible for relief given to non-
residents with certain special connections with the United Kingdom or to nationals of states in the
European Economic Area.

The amount of tax credit is 10/90ths of the cash dividend, the tax credit referable to the third
quarter 2012 interim dividend of US$0.43 (26.86p or €0.3333) is US$0.05 (2.98p or €0.0370) per
ordinary share and the dividend and tax credit together amount to US$0.48 (29.84p or €0.3703).

Enquiries
Shell Media Relations
International, UK, European Press: +31 70 377 3600
Shell Investor Relations
Europe - Tjerk Huysinga: + 31 70 377 4540
North America - Ken Lawrence : +1 713 241 1042
3rd quarter 2012 interim dividend announcement
Q3 2012 interim dividend announcement
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