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MarketWatch: Shell Seajack Pipeline Begins Service in Gulf of Mexico

Last Update: 11:40 AM ET Nov 8, 2006

HOUSTON, Nov 08, 2006 /PRNewswire via COMTEX/ — On October 22, 2006 Shell Pipeline Company LP put into service the Seajack Pipeline, a 9.5 mile 20-inch diameter pipeline that connects the end of the Caesar Oil Pipeline to the Amberjack Pipeline System in the Gulf of Mexico.

“This connection provides additional market flexibility for Caesar shippers and also provides improved flow assurance for Caesar-connected production,” said Mark Hurley, President of Shell Pipeline Company LP. “It will be a great addition to our extensive pipeline network in the Gulf of Mexico.”

Seajack has a capacity of 180,000 barrels per day. Costs of the construction project were not disclosed.

Headquartered in Houston, Texas, Shell Pipeline Company LP has been in the pipeline transportation business for over 80 years and currently operates in several states, transporting over two billion barrels of crude oil and refined products annually. Shell Pipeline Company LP is a wholly owned subsidiary of Shell Oil Products US, a unit of Shell Oil Company. For more information, please visit http://www.shell.com/us.

Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America’s leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell Group, a global group of energy and petrochemical companies, employing approximately 109,000 people and operating in more than 140 countries and territories.

Disclaimer statement:
This announcement contains forward-looking statements, that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

(*Be on your guard: Royal Dutch Shell senior management are masters of double talk and double dealing. Shell has a track record of engaging in fictitious trades, securities fraud, price fixing, theft of intellectual property, bribes, corruption, organising and arming a private army of police spies in Nigeria, conspiring with successive Nigerian governments to rob billions from a poverty stricken population and using a registered charity – The Shell Foundation, as a front for commercial objectives: in other words a bunch of evil con-artists)

Please refer to the Annual Report on Form 20-F for the year ended December 31, 2005 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group’s businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.
Cautionary Note to US Investors:

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 use certain terms in this presentation, such as “expected producible resources” and “amount of reserves we expect to produce”, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC.
SOURCE Shell Pipeline Company LP

Media Line of Shell Oil Company, +1-713-241-4544 http://www.shell.com/us Copyright (C) 2006 PR Newswire. All rights reserved

*Comments in brackets added by ShellNews.net

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