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Shell plans rapid North American growth

Financial Times

By Ed Crooks in New York Published: September 29 2010

Royal Dutch Shell is planning a rapid expansion of its North American business to raise production by 40 per cent to 1m barrels equivalent per day in 2014, including gas, Canadian oil sands and deepwater oil.

The strategy, announced in Canada on Tuesday, is part of Europe’s largest oil company’s plan to meet its “aspiration” of producing 3.7m barrels per day in 2014, compared with 3.15m last year.

One of its announcements included approval for a deepwater project in the Gulf of Mexico where BP is a junior partner.

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