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thisisderbyshire.co.uk: Shell exploration drives FTSE gains

12:16 – 06 July 2007

Royal Dutch Shell led the London market higher amid reports of a major exploration campaign in the Arctic.

The stock gained more than 2%, or 50p, to 2106p after it emerged that the firm was set to embark on the new venture in a bid to exploit untapped oil and gas reserves in the Beaufort Sea.

The heavily-weighted stock helped the FTSE 100 Index move 39.8 points ahead to 6675 by mid-morning.

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