Royal Dutch Shell Plc  .com Rotating Header Image

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; alexis.flynn@ dowjones.com

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

SOURCE ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.