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Shell CEO: Gulf Oil Spill Industry Event; Policy Impact Unknown


4 MAY, 2010

SINGAPORE (Dow Jones)–Royal Dutch Shell PLC (RDSA.LN) reckons the Gulf oil spill is an important event for the whole industry that needs a “technical solution,” but it’s too early to say whether it will have any impact on future U.S. policy, Chief Executive Officer Peter Voser said Tuesday at a press conference.

Shell is one of the largest oil and gas producers in the Gulf of Mexico, where, according to some industry experts, crude could be spilling out of a deepwater well at the rate of 25,000 barrels a day after the explosion and sinking of Transocean Ltd.’s (RIG) Deepwater Horizon, which was drilling an exploration well for BP PLC (BP).

-By Max Lin, Dow Jones Newswires; 65-6415-4063; [email protected]

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