A range of subjects were discussed, including Shell’s projects and investment in the UK North Sea, the importance of natural gas in the UK’s energy mix, the decommissioning programme for Shell platforms and the importance of Carbon Capture and Storage projects in the UK.

Ed Daniels, Shell UK Country Chairman, said: “I’m delighted to welcome Vince and Ed to Shell’s headquarters in Aberdeen. The North Sea will continue to be a major source of revenue for the UK government for a long time to come, as well as helping to meet the energy needs of the country and providing significant employment in Scotland and beyond. We had a frank conversation about the importance of a stable policy framework which encourages responsible investment in the UK’s natural resources.

“I am delighted that the government’s Oil and Gas Strategy, launched in Aberdeen today, embraces this principle and reinforces the government’s commitment to the UK oil and gas sector. Shell is a major player in the UK’s exploration and production of gas and oil, and we will work with the government to ensure the sector continues to deliver benefits to the whole of the country.”

Rt Hon Vince Cable MP, Secretary of State for Business, Innovation and Skills, said: “My time as chief economist at Shell showed me the importance of the oil and gas industry for the UK. It’s been good to come back and meet with them again on the day we launch our industrial strategy for the sector.

“This strategy will help Shell to continue delivering the innovative and major projects that they already do, but with added stability from government and wider industry.

“Our plans will meet the future needs of the industry, so that the UK has a world-class skills base, stable fiscal regime and the right levers in place to develop the supply chain.”

Rt Hon Edward Davey MP, Secretary of State for Energy and Climate Change, said:

“It was a pleasure to visit Shell today, a company that has made a very significant contribution to exploring and developing the UK Continental Shelf over many decades. I was delighted to learn more about Shell’s ambitions for the future, including their major investments in the Schiehallion field and redevelopment of the Gannet area.

“It has been helpful to hear from Ed Daniels some of the challenges Shell see in securing the long-term future of oil and gas from the UK Continental Shelf. I am very confident that the action-oriented Oil and Gas Strategy the government has launched today will make a very significant contribution to meeting these challenges.

“Shell’s involvement as one of the two preferred bidders in the Government’s £1 billion CCS competition is very encouraging and is fully aligned with our strategy to decarbonise UK energy generation.”


Shell International Media Relations    +44 (0) 20 7934 5550

Notes to Editors:

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 90 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 - opens on Shell.com

Cautionary note

The companies in which Royal Dutch Shell plc 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 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 announcement, 28 March 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.

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