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Royal Dutch Shell: Good Progress Of Pearl GTL, Qatargas 4

THE WALL STREET JOURNAL

NOVEMBER 23, 2009, 7:29 A.M. ET

LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA) said Monday it was making good progress with the Pearl GTL and the Qatargas 4 projects in Qatar.

MAIN FACTS:

-Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum.

-Pearl GTL will use Shell’s proprietary gas-to-liquids (GTL) technology to convert some 1.6 billion cubic feet (bcf/d) of gas per day into clean-burning oil products such as gasoil, lubricants base oils and chemicals feedstock.

-Pearl GTL is designed to produce 120,000 barrels per day of natural gas liquids (NGLs) and ethane, and 140,000 b/d of GTL products.

-Shell has now entered into the testing phase at Pearl GTL, having inaugurated plant’s control room.

-Qatargas 4 is to convert some 1.4 bcf/d of natural gas into liquefied natural gas (LNG) and NGLs.

-Qatargas 4 will add to Shell’s current worldwide LNG capacity of 18.5 million tonnes per year (mtpa).

-Qatargas 4 will have a capacity of 7.8 mtpa of LNG and some 70,000 boe/d of NGLs.

-Construction is progressing well at Pearl, with both schedule and budget in line.

-Major construction at both Pearl GTL and Qatargas 4 is scheduled to be completed by end of 2010, with production ramp-up from late 2010 and into 2011.

-Pearl GTL upstream production is expected to reach 320,000 boe/d. Qatargas 4 is expected to reach 280,000 boe/d.

-Once Pearl GTL and Qatargas 4 come on stream, Qatar has the potential to contribute some 350,000 boe/d of upstream production for Shell, and significant cash flows.

-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; i[email protected]


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