GULF TIMES
Sunday 5 September, 2010
Bloomberg/Amsterdam
Royal Dutch Shell, Europes largest oil company, is set to reverse its decline in production after projects in Qatar come on stream, Sanford C Bernstein & Co said.
After a decade of declining production, Shell is finally entering a sweet spot for production growth, Oswald Clint, a London-based analyst at Bernstein, said in a note to investors yesterday.
Shell also has probably the best portfolio of pre- final-investment-decision projects around, and a strategy refocused on the exploration and production business, with plenty of interesting exploration options to add to reserves.