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Shell Makes Final Investment To Develop Cardamom Field

June 8, 2011

LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) has taken the final investment decision for the multi-billion dollar development of its deepwater Cardamom oil and gas field in the Gulf of Mexico, the Anglo-Dutch energy company said Wednesday.

“This is another sizable deep-water investment by Shell that strengthens energy supplies to the USA. It will also secure employment for more offshore workers,” said Shell Upstream Americas Director Marvin Odum. (Right)

Shell said its plan to develop Cardamom was a “significant, multi-billion dollar investment” although it didn’t specify how much and over what period of time it would be spending the money.

-By Alexis Flynn, Dow Jones Newswires; +44 207842 9471; [email protected] dowjones.com

(END) Dow Jones Newswires
06-08-111427ET
Copyright (c) 2011 Dow Jones & Company, Inc.

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