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Shell Starts Production from Second Mars Platform in Deep Water Gulf of Mexico

04.02.2014  |  Globenewswire Europe
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Houston (February 4, 2014)- Shell today announces it has begun production from
the Mars B development through Olympus - the company's seventh, and largest,
floating deep-water platform in the Gulf of Mexico.

It is the first deep-water project in the Gulf to expand an existing oil and gas
field with significant new infrastructure, which should extend the life of the
greater Mars basin to 2050 or beyond.  Combined future production from Olympus
and the original Mars platform is expected to deliver an estimated resource base
of 1 billion barrels of oil equivalent (boe).

"With two large platforms now producing from the deep-water Mars field, this
project demonstrates our deep-water project delivery and leadership," said John
Hollowell, Executive Vice President for Deep Water, Shell Upstream Americas. "We
safely completed construction and installation of the Olympus platform more than
six months ahead of schedule, allowing us to begin production early from the
development's first well.  Olympus is the latest, successful start-up of our
strong portfolio of deep-water projects, which we expect to generate substantial
value in the coming years. Deep water will continue to be a core growth
opportunity for Shell."

In addition to the Olympus drilling and production platform, the Shell Mars B
development (Shell 71.5% operator, BP 28.5%) includes subsea wells at the West
Boreas and South Deimos fields, export pipelines, and a shallow-water platform,
located at West Delta 143, near the Louisiana coast. Olympus sits in
approximately 945 metres (3,100 feet) of water.  Using the Olympus platform
drilling rig and a floating drill rig, additional development drilling will
enable ramp up to an estimated peak of 100,000 boe per day in 2016. The Mars
field produced an average of over 60,000 boe per day in 2013.

Also in the Gulf of Mexico, progress on the 50,000 boe/d Cardamom project (Shell
100%) continues toward a 2014 production date, and work is underway on the
50,000 boe/d, deep-water Stones development (Shell 100%) following the final
investment decision last May.

###



Inquiries:

Media:
Shell US Media Relations +1 713 241 4544
Shell International Media Relations +44 (0) 20 7934 5550



Investor Relations:

North America +1 713 241 1042
International + 31 (0) 70 377 4540



Additional facts:

* Learn more about the people and technology of Olympus here.
* The Olympus platform is located in Mississippi Canyon in approximately 945
metres (3,100 feet) of water.
* Olympus is positioned within a few miles of two other production platforms,
Mars and Ursa.
* The Olympus tension-leg platform (TLP) has 24 well slots and a self-
contained drilling rig.
* The Mars B development is located about 210 kilometres (130 miles) south of
New Orleans.
* The Mars B development involved more than 25,000 personnel in 37 states,
during the construction phase.
* 192 people will live and work on the Olympus platform.
* Shell discovered the Mars field in 1989; production began in 1996.
* The development's reservoirs are located at a subsurface depth of 3,050 to
6,700 metres (10,000 to 22,000 feet), which is approximately 3 to 7
kilometres (2 to 4 miles), below the sea floor.

Royal Dutch Shell plc
Royal Dutch Shell plc is incorporated in England and Wales, has its headquarters
in The Hague and is listed on the London, Amsterdam and New York stock
exchanges. Shell companies have operations in more than 70 countries and
territories with businesses including oil and gas exploration and production;
production and marketing of liquefied natural gas and gas to liquids;
manufacturing, marketing and shipping of oil products and chemicals and
renewable energy projects. For further information, visit www.shell.com.

Cautionary note

The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this press release "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
press release refer to companies in which Royal Dutch 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 press release, 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% shareholding in Woodside Petroleum Ltd.)
ownership interest held by Shell in a venture, partnership or company, after
exclusion of all third-party interest.

This press release 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 press release, including (without limitation): (a) price fluctuations in
crude oil and natural gas; (b) changes in demand for the Shell's products; (c)
currency fluctuations; (d) drilling and production results; (e) reserve
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 press release 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 Royal Dutch
Shell's 20-F for the year ended December 31, 2012 (available at
www.shell.com/investor and www.sec.gov). These factors also should be considered
by the reader.  Each forward-looking statement speaks only as of the date of
this press release, February 4, 2014. 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 press release.

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 may have used certain terms in this press release that 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, available on the SEC website www.sec.gov. You can also obtain these
forms from the SEC by calling 1-800-SEC-0330.




This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Shell International BV via GlobeNewswire
[HUG#1758480]
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