
Kashagan AKA “Cash All Gone”
Forgot the initial cost estimate, probably around $8-10 billion. Now 10+ years too late and ballooned to $50 billion. Most normal companies would have gone bust long ago.
Shell inherited some beauties from the boys of the roaring 90s. I hope someone will write a book one day on this era.
Reserve crisis, Pearl, Sakhalin, Kashagan, Alaska, tarsands, and I must have forgotten a few. Repeated over-promise and under-delivery. All many billions over budget, extreme overruns in startup, loss in AAA status, removal of operational and technical expertise. I find the silence on Prelude ominous. Probably goes the same way as the others. read more
*This website and sisters
royaldutchshellgroup.com,
shellnazihistory.com,
royaldutchshell.website,
johndonovan.website,
shellnews.net, and
shellwikipedia.com, are owned by
John Donovan - more information
here. There is also a
Wikipedia segment, the
Shell DPA Files,
"Shell and the Spies",
the Shell Leaks files, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All created and supported by internet wizz,
Nick Gill.