Sakhalin Setback May Force Shell to Trim Reserves by 6%

Evening Standard - London › December 22, 2006

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Summary

ROYAL DUTCH SHELL may have to write down as much as 6% of its oil and gas reserves after being forced to give up control of Sakhalin- 2, the giant Pounds 10 billion Russian liquefied natural gas project.

Investors will now be looking at how Shell accounts for its Sakhalin-2 interests under strict US Securities and Exchange Commission rules.

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Sakhalin Setback May Force Shell to Trim Reserves by 6%

Broker Citigroup believes ...

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