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Posts Tagged ‘Sir Phillip Watts’

Financial Times: Hollywood or bust . . . or For a Few Barrels More

Financial Times: Hollywood or bust . . . or For a Few Barrels More

By John Gapper
Published: April 27 2004 5:00 | Last Updated: April 27 2004 5:00

Posted 29 April 04

In mid-2001, Walter van de Vijver succeeded Sir Philip Watts as chief executive of Shell’s exploration and production unit . . . Virtually from [that] time, the two engaged in a pointed dialogue …

In a December 2003 memo entitled Script for Walter . . . the assumption was made that 2.3bn barrels of proved reserves were non-compliant . . . Mrvan de Vijver immediately e-mailed one of its authors: ‘This is absolute dynamite, not at all what I was expecting and needs to be destroyed.’ – Report of Davis, Polk & Wardwell to Shell’s group audit committee. read more

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