Upstream Upstream

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UPSTREAM Our Upstream businesses explore for and extract crude oil and natural gas, often in joint arrangements with international and national oil and gas companies. This includes the extraction of bitumen from mined oil sands which we convert into synthetic crude oil. We liquefy natural gas by cooling it, and transport the liquefied natural gas (LNG) to customers across the world. We also convert natural gas to liquids (GTL) to provide high-quality fuels and other products.products, and we market and trade natural gas (including LNG) in support of our Upstream businesses.

Mars B-Olympus, Shell’s newest tension leg production platform in the Gulf of Mexico, USA, produced its first oil in early 2014. UPSTREAM

15 SHELL INVESTORS’ HANDBOOK 2013

UPSTREAM OVERVIEW

KEY STATISTICS 2013 2012[A] 2011[A] 2010[A] 2009[A] Upstream earnings ($ million) Upstream International 16,334 21,169 19,649 15,205 7,209 Upstream Americas (3,696) 1,075 4,817 730 1,145 Total Upstream earnings ($ million) 12,638 22,244 24,466 15,935 8,354 of which integrated gas 9,390 10,990 7,280 5,727 1,785 Total Upstream earnings excluding identified items ($ million) 15,117 20,107 20,611 14,442 8,488 Upstream cash flow from operations ($ million) 30,114 33,061 30,579 24,872 19,935 Liquids production (thousand b/d) [B][C] 1,415 1,508 1,551 1,637 1,600 Natural gas production (million scf/d) [B] 9,616 9,449 8,986 9,305 8,483 Synthetic oil production (thousand b/d) [B] 126 125 115 72 80 Total production (thousand boe/d) [B][D] 3,199 3,262 3,215 3,314 3,142 Equity sales of liquefied natural gas (million tonnes) 19.6 20.2 18.8 16.8 13.4 Upstream capital investment ($ million) [E] 40,303 31,179 23,363 25,709 23,951 Upstream capital employed ($ million) 153,792 134,974 123,116 111,570 96,261 Upstream employees (thousands) 31 26 27 26 23 [A] Restated for the retrospective application of Revised IAS 19 Employee Benefits, adopted with effect from January 1, 2013. [B] Available for sale. [C] Includes bitumen production. [D] Natural gas volumes are converted to oil equivalent using a factor of 5,800 scf per barrel. [E] Excludes proceeds from divestments.

In 2013, Shell Upstream ■■ produced 3.2 million boe/d of oil and gas, ■■ started production from Majnoon in Iraq, BC-10 ■■ completed the acquisition of Repsol S.A.’s LNG which was flat compared with 2012 excluding Phase 2 in Brazil, the North Rankin portfolio outside of North America, including the effect of sabotage and divestments; Redevelopment in Australia, and Amal Steam in supply positions in Peru and in Trinidad Oman, as well as other locations worldwide; and Tobago; ■■ sold 19.6 million tonnes of liquefied natural gas; ■■ completed the AOSP debottlenecking project in ■■ won a 35-year production-sharing contract (PSC) ■■ added 1.6 billion boe of proved reserves, Canada and started operations at Basrah Gas to develop the Libra discovery, a potential compared with 1.2 billion boe of production; Company in Iraq; multibillion barrel oil field in the Santos basin, offshore Brazil; ■■ made nine notable new discoveries and ■■ took final investment decisions on six key appraisals in exploration; projects: Carmon Creek in situ in Canada; ■■ acquired an additional 5% interest in the Masela Gbaran-Ubie Phase 2, Trans Niger Pipeline block in Indonesia, which contains the Abadi gas Loopline, and Erha North Phase 2 in Nigeria; field, taking our interest to 35%; BC-10 Phase 3 in Brazil; and Stones in the USA; ■■ agreed to sell our non-core interest in UPSTREAM EARNINGS [A] PRODUCTION Wheatstone LNG in Australia, and are reviewing our portfolios in Nigeria onshore and Upstream $ billion million boe/d mtpa Americas tight gas and liquids-rich shale; and

25 5 25 ■■ since the end of the year, started production from the Mars B development in the Gulf of Mexico, USA, and from Petai in Malaysia. 20 4 20

15 3 15

10 2 10

5 1 5

0 0 0 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 Excluding integrated gas Liquids Equity LNG sales volume (mtpa) Integrated gas Gas

[A] Excluding identiﬁed items. 16 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

EXPLORATION

EXPLORATION AND APPRAISAL: KEY WELLS 2014–2015

Norway Russia LRS Denmark Netherlands Ukraine North America LRS Turkey Albania Canada Turkey LRS China Egypt Gulf of Mexico

Oman LRS China

Brunei Benin Nigeria Malaysia Gabon Tanzania Indonesia

Australia Offshore

Brazil Australia Onshore

2014 2015 Argentina South Africa New Zealand Conventional Resources plays Heartland Frontier

CONVENTIONAL EXPLORATION THEMES RESOURCES PLAYS Our conventional exploration strategy aims to find Chart descriptor Shell has built substantial positions in tight and shale new resources and mature these to projects that can gas acreage as well as in liquids-rich shales be developed for production. This delivers worldwide. In North America our exploration short-term value and provides long-term options for Time to Indicative activities are focused on finding the most productive Shell. Our investments are balanced between (a) development prospect size acreage or “sweet spots” within our existing exploration near our existing assets, which can be (years) (million boe) acreage. Internationally most of our portfolio is brought on stream quickly and generate high value; early stage exploration with our China acreage in (b) testing new concepts and finding new resources the Sichuan basin being the most advanced. We ARCTIC 15+ >500 within our existing heartlands; (c) building new will be testing basins in nine countries over the frontier positions in under-explored areas with course of 2014 and 2015 including Argentina, potential for >250 million barrel discoveries but that FRONTIER Australia (Arrow), Canada, China, Oman, Russia, may take a decade or more to bring on-stream; Under-explored 10+ >250 Turkey, Ukraine and the USA. and (d) capturing opportunities in more remote basins areas such as the Arctic but with even larger In 2013, we added resources through exploration HEARTLANDS potential upside. New plays in Shell 3+ 50–250 drilling in LRS plays in Argentina and Canada. producing basins In Canada this was in the Duvernay formation During 2013, we made new discoveries and drilled where Shell is a leader with some 400,000 net a successful appraisal in our heartlands of Australia, acres. Also in Canada, we added resources to NEAR FIELD <3 5–50 Malaysia, Nigeria, and in the Gulf of Mexico. We High value our Groundbirch asset. In China we continued also made a new discovery in Albania and we are to appraise our Changbei acreage adding planning on appraising this discovery and are resources in a tight-gas play within our existing drilling an additional prospect in the region. producing acreage. Additionally, we made 19 discoveries near existing infrastructure that can be brought to production in as re-enforced our acreage positions in the North the short term, with some of these brought on stream Sea, Egypt and the Gulf of Mexico. During the within a year of discovery. We added over year, we also won a bid to join a consortium of 85,000 square kilometres of new conventional companies to appraise and potentially produce exploration acreage including licences in frontier from the giant Libra oil field offshore Brazil. areas such as the Turkish Black Sea, offshore Newfoundland and Nova Scotia, the Norwegian Barents Sea and offshore East Greenland as well UPSTREAM

17 SHELL INVESTORS’ HANDBOOK 2013

INTEGRATED GAS

Strong growth in gas markets is a major opportunity The Repsol LNG portfolio acquisition in late 2013 LNG LEADERSHIP [A] for Shell. Our integrated gas earnings have is another growth leg for integrated gas, with new increased by around 400% since 2009 to some equity supply in South America, and new year-end mtpa $9 billion in 2013 or about 60% of Upstream trading opportunities. earnings. This was mainly driven by several large 40 liquefied natural gas (LNG) and gas-to-liquids (GTL) LNG projects that came on-stream, including Pearl GTL, Shell is a pioneer of the LNG industry with expertise Pluto LNG Train 1 (Woodside), North Rankin based on 50 years of experience. Shell was 30 Redevelopment, Qatargas 4 and Sakhalin-2. instrumental in delivery of the world’s first LNG Integrated gas earnings incorporate LNG, including plant, in Algeria, which came on-stream in 1964.

LNG marketing and trading, and GTL operations. In the years since, LNG has become a truly global 20 In addition, the associated upstream oil and gas commodity with demand expected to grow rapidly production activities from the Sakhalin-2, North in the coming years. Currently around 240 mpta, West Shelf, Pluto LNG Train 1 (Woodside), the global LNG market is expected to reach about 10 Qatargas 4 and Pearl GTL projects are included 430 mtpa by 2025. This growth will be driven by in integrated gas earnings. Power generation expanding economies in China, India and the and coal gasification activities are also part Middle East, by demand in Europe and by new 0 of integrated gas. destinations such as Malaysia, the Philippines, Singapore, Thailand and Vietnam. Shell Exxon ChevronTotal BG BP The Prelude floating LNG (FLNG), the Gorgon LNG Mobil Trains 1-3 and the MMLS LNG (Elba) projects are Shell is proud of its leadership in this sector. 2013 currently under construction and expected to come Including Qatargas 4, Pluto and the acquired Repsol acquisition (2014+) on stream within the next few years. Repsol LNG portfolio, Shell world-wide LNG equity 2017 liquefaction capacity is about 26 mtpa. Our equity [A] Projects in operation or under construction. Shell is also considering LNG options to monetise share of various ventures across the world delivered natural gas in North America. These would be some 9% of global LNG in 2013. The addition of projects that involve the entire natural gas value volumes from our acquisition in late 2013 grows our chain and so play very much to Shell’s strengths market share to 11%. as an integrated player.

GLOBAL INTEGRATED GAS PORTFOLIO [A]

Sakhalin LNG

MMLS LNG (Elba) Qatargas 4 Pearl GTL

Oman LNG and Qalhat LNG

Atlantic LNG Nigeria LNG Brunei LNG Bintulu Malaysia LNG

Peru LNG North West Shelf Prelude FLNG Gorgon Pluto (Woodside)

Under On stream construction Liquefaction Regasification GTL [A] As of February 2014. 18 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

INTEGRATED GAS CONTINUED

We currently have 7.5 mtpa capacity under In January 2014, Nigeria LNG (NLNG) exported SHELL GLOBAL LNG CAPACITY GROWTH construction and have around 21 mtpa of LNG its 3,000th LNG shipment from the Bonny Terminal options under study including Abadi in Indonesia, in Nigeria. The first shipment left Bonny in 1999 mtpa LNG Canada, Browse and Gorgon Train 4 and the plant has expanded to six trains since then. in Australia. NLNG accounts for about 7% of the world’s total LNG production capacity, with the Shell Petroleum In late 2013 Shell acquired part of Repsol S.A.’s Development Company of Nigeria (SPDC) joint 40 LNG portfolio, including supply positions in Peru venture being a major supplier of gas to the plant. and Trinidad and Tobago, for a net cash purchase Shell holds a 25.6% interest in NLNG together with price of $3.8 billion, subject to post-closing the Nigerian National Petroleum Corporation adjustments. As part of the transaction, Shell also (49%), Total LNG Limited (15%) and ENI 20 assumed $1.6 billion of balance sheet liabilities International N.A. (10.4%). relating to existing leases for LNG ship charters. The deal gives Shell an additional 7.2 mtpa of directly managed LNG volumes of which 2.1 mtpa is uncontracted, and 5.1 mtpa is contracted to 0 customers mainly in Canada, Mexico and Spain. 2007 2013 2014 ~2020+ On stream Under construction Integration of this acquisition into the Shell LNG Repsol acquisition Options trading portfolio is well advanced and delivering synergies and opportunities in line with expectations. Shell is uniquely placed to add value through opportunities on the gas market, by supplying contracted customers from multiple Shell LNG sources rather than a single point, and, potentially, from pipeline gas.

In October 2013, the 700th LNG cargo left the Sakhalin-2 LNG plant in eastern Russia (Shell interest, 27.5%). Sakhalin-2 provides around 10% of Japan’s LNG supplies and more than 4% of South Korea’s. In the USA and Canada we have proposals to build liquefaction plants. In Western Canada, near Kitimat, British Columbia, we are progressing to a final investment decision through the LNG Canada project consortium.

Shell’s Pearl GTL installation, the world’s largest gas-to-liquids plant, near Doha, Qatar, turns natural gas into cleaner burning fuels and other speciality products.

A Shell Qatar staff member in a Pearl GTL plant laboratory. UPSTREAM

19 SHELL INVESTORS’ HANDBOOK 2013

WIND

GTL can mean faster, cheaper, more flexible Shell has more than a decade of experience in GTL is an important part of Shell’s gas monetisation development and deployment strategies for wind energy, and owns interest in 10 operating capabilities. We are uniquely positioned to make resources that were previously uneconomic, or wind projects: eight in North America and two GTL a success through our commercial capability constrained by technical or other challenges. in Europe (Shell share of total capacity is and our in-house GTL technology – from smaller approximately 50%). The projects’ generating scale such as our Shell Middle Distillate Synthesis The Prelude FLNG facility is now under construction capacity totals about 1,000 megawatts – enough (SMDS) plant in Malaysia, which can produce in South Korea, with the massive hull substructure electricity to meet the annual requirements of 14,700 b/d, to large scale developments such floated out of dry-dock in November 2013. The approximately 300,000 homes. Generating that as Pearl GTL with a design 140,000 b/d topsides, the equipment that will process and amount of electricity with conventional power product capacity. liquefy the gas, and turret, will be installed on the plants could have emitted about 3 million tons

hull as the project progresses in coming years. of CO2. Most of this energy comes from around Shell’s GTL technology is founded on four decades 720 turbines at eight joint venture wind projects of research, development and commercial In September 2013, Woodside (Operator) in the USA. deployment. We continuously improve our GTL announced that the Browse joint venturers had technology, enhance design, add new GTL adopted Shell FLNG technology as the products and refine the process. In 1993, the development concept for the Browse gas fields, Shell SMDS plant started up in Bintulu, Malaysia. and that Basis of Design (BoD) was underway. Since then we have filed more than 3,500 patents Shell will provide its project delivery capability and covering all stages of the GTL process. We used Floating LNG technology to support delivery of the our proprietary technology and operational BoD project phase. The facilities would be based experience to build Pearl, Shell and Qatar on Shell’s established FLNG design, which Petroleum’s GTL plant in Qatar. Pearl ramp-up was underpins the Prelude FLNG project. completed in late 2012. In 2013 Pearl set a new quarterly production record in Q2, and loaded Shell’s Floating LNG technology can bring significant its 200th ship by the end of June. long term, sustainable jobs as well as providing local employment and business opportunities. FLOATING LNG Floating liquefied natural gas (FLNG) is the latest in a line of Shell achievements in developing new technologies for the oil and gas industry. Moving the production and processing out to sea where the gas is found is a major innovation that brings more energy resources within reach. It is an exceptional example of developing and deploying both innovative thinking and technology. We believe that FLNG will enable the development of gas resources ranging from clusters of smaller more remote fields to potentially larger fields via multiple facilities. This

Shell’s Rock River Wind Farm in Carbon County, Wyoming, has a capacity of 50 megawatts – enough to power approximately 25,000 households.

INSTALLED WIND CAPACITY

MW, Shell share

600

500

400

300

200

100

2009 2010 2011 2012 2013 USA Europe 20 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

EUROPE

KEY FIGURES 2013 % of total HIGHLIGHTS ■■ Shell has been a leading player in the Total production (thousand boe/d) [A] 757 24% North Sea for several decades, and is a Liquids production (thousand b/d) [A] 178 13% 50:50 shareholder in the NAM joint Natural gas production (million scf/d) [A] 3,367 35% venture, the largest hydrocarbon producer in Gross developed and undeveloped acreage (thousand acres) 25,592 9% the Netherlands. Proved oil and gas reserves excluding non-controlling interest (million boe) [B] 3,087 22% [A] Available for sale. ■■ Production in Europe amounted to some [B] Includes proved reserves associated with future production that will be consumed in operations. 760 thousand boe/d in 2013.

DENMARK NETHERLANDS ■■ After-tax earnings from the oil and gas We hold a non-operating interest in a producing Shell and ExxonMobil are 50:50 shareholders in exploration and production operations of concession in Denmark (Shell interest 36.8%), which Nederlandse Aardolie Maatschappij B.V. (NAM), our subsidiaries, joint ventures and was granted in 1962 and will expire in 2042. The the largest hydrocarbon producer in the associates in the region were $3.1 billion. Danish government is one of our partners with a Netherlands. An important part of NAM’s gas 20% interest. production comes from the onshore Groningen gas ■■ We are participating in the development of field, in which the Dutch government has a 40% Clair Phase 2 and Schiehallion. IRELAND interest and NAM a 60% interest. NAM also has We are the operator of the Corrib Gas project a 60% interest in the Schoonebeek oil field, which ■■ The Corrib project in Ireland (Shell (Shell interest 45%), which is currently at an has been redeveloped using enhanced oil recovery operated) and Tempa Rossa in Italy. advanced stage of construction. Its 4-kilometre technology. NAM also operates a significant onshore gas pipeline has been installed, while number of other onshore gas fields and offshore construction of a 4.9 kilometre tunnel under gas fields in the North Sea. In March 2014, the UNITED KINGDOM Sruwaddacon Bay is progressing. Corrib has the Minister of Economic Affairs of the Netherlands We operate a significant number of our interests on potential to supply a significant proportion of the published his draft decision to approve the NAM’s the UK continental shelf on behalf of a 50:50 joint country’s natural gas requirement. production plan for the Groningen field. The arrangement with ExxonMobil. Most of our UK oil decision limits production in 2014 to 42.5 billion and gas production comes from the North Sea. ITALY cubic metres, as part of a set of measures that seek We hold various non-operated interests in the We hold two non-operating interests in Italy: the Val to mitigate the risk of seismic activity. A final Atlantic Margin area, principally in the West of d’Agri producing concession (Shell interest 39.23%) decision is expected by mid-August 2014. Shetlands area. We also have interests in the and the Tempa Rossa concession (Shell interest non-operated Schiehallion field (Shell interest 55%), 25%). The Tempa Rossa field is under development NORWAY and in the Beryl area fields, with interests ranging by the operator, Total, and first oil is currently We are a partner in more than 20 production from 20-49%. expected in late 2016. licences on the Norwegian continental shelf. We are the operator in six of these, of which two are REST OF EUROPE producing: the Ormen Lange gas field (Shell interest Shell also has interests in Albania, Austria, 17.8%) and the Draugen oil field (Shell interest Germany, Greece, Greenland, Hungary, Slovakia, 44.6%). The other producing fields are the Troll, Spain and Ukraine. Gjøa and Kvitebjørn fields.

Tjuchem is a production location of the giant Groningen gas field in the Netherlands, owned by the Dutch government and Shell’s NAM joint venture. UPSTREAM

21 SHELL INVESTORS’ HANDBOOK 2013

AFRICA

KEY FIGURES 2013 % of total HIGHLIGHTS ■■ Production in Africa amounted to more than Total production (thousand boe/d) [A] 333 10% 330 thousand boe/d in 2013, mostly from Liquids production (thousand b/d) [A] 216 15% our operations in Nigeria. Natural gas production (million scf/d) [A] 678 7% Gross developed and undeveloped acreage (thousand acres) 43,028 15% ■■ After-tax earnings from the oil and gas Proved oil and gas reserves excluding non-controlling interest (million boe) [B] 1,029 7% exploration and production operations of [A] Available for sale. our subsidiaries, joint ventures and [B] Includes proved reserves associated with future production that will be consumed in operations. associates in the region were $3.0 billion.

NIGERIA significantly reduced onshore oil and gas ■■ We took final investment decision on Erha Shell’s share of production, onshore and offshore, in production, and impacted gas supplies to NLNG. North Phase 2, Gbaran-Ubie Phase 2 and Nigeria was approximately 265 thousand boe/d in SPDC is undertaking a strategic review of its the Trans Niger Pipeline Loopline projects. 2013, compared with approximately 365 thousand interests in the eastern Niger Delta, which may boe/d in 2012. Security issues and crude oil theft lead to the divestment of certain leases. ■■ We are also participating in the in the Niger Delta continued to be significant development of the Bonga North West, challenges in 2013. Offshore Forcados Yokri and Southern Swamp Our main offshore deep-water activities are carried projects, all in Nigeria. Onshore out by Shell Nigeria Exploration and Production The Shell Petroleum Development Company of Company (SNEPCO, Shell interest 100%) which Nigeria Ltd (SPDC) is the operator of a joint holds interests in four deep-water blocks. SNEPCO negotiated solution with the federal government of arrangement (Shell interest 30%) holding more than operates OMLs 118 (including the Bonga field) and Nigeria. Production from the EA field, in one of the 25 Niger Delta onshore oil mining leases (OMLs), 135 (Bolia) holding a 55% interest in each, and disputed leases, continued throughout 2013. which expire in 2019. To provide funding, modified holds a 43.75% interest in OML 133 (Erha) and carry agreements are in place for certain key 50% interest in oil production lease (OPL) 245 Liquefied natural gas projects, and are being reimbursed. Further new (Zabazaba). Deep-water offshore activities are Shell has a 25.6% interest in NLNG, which carry agreements with the Nigerian National typically governed through PSCs. operates six LNG trains with a total capacity of Petroleum Corporation were put in place 22.0 mtpa. In 2013, LNG production was lower during 2013. SPDC holds an interest in six shallow-water offshore than in 2012 because of gas supply constraints and leases, of which five expired on November 30, the impact of a blockade of NLNG export facilities SPDC supplies gas to Nigeria LNG Ltd (NLNG) 2008. However, SPDC satisfied all the by the Nigerian Maritime Administration and Safety mainly through its Gbaran-Ubie and Soku projects. requirements of the Nigerian Petroleum Act to be Agency (NIMASA). During 2013, force majeure was declared on entitled to an extension. Currently, the status quo is several occasions, mainly related to security issues, maintained following a court order issued on REST OF AFRICA sabotage and crude oil theft incidents. This November 26, 2008. SPDC is pursuing a Shell also has interests in Benin, Egypt, Gabon, Ghana, Namibia, Somalia, South Africa, Tanzania and Tunisia.

Shell Nigeria staff board a helicopter that will transport them to an onshore oilfield near Port Harcourt.

Shell staff at an oil field near Port Harcourt, Nigeria. 22 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

ASIA (INCLUDING MIDDLE EAST AND RUSSIA)

KEY FIGURES 2013 % of total HIGHLIGHTS ■■ Shell is the industry leader in integrated gas Total production (thousand boe/d) [A] 1,197 37% in Asia, with a major LNG portfolio across Liquids production (thousand b/d) [A] 674 48% the region and the world’s largest GTL plant Natural gas production (million scf/d) [A] 3,033 32% in Qatar. Gross developed and undeveloped acreage (thousand acres) 82,722 29% Proved oil and gas reserves excluding non-controlling interest (million boe) [B] 4,509 32% ■■ We are active in our existing heartlands [A] Available for sale. of Malaysia and Brunei, and are [B] Includes proved reserves associated with future production that will be consumed in operations. developing options in China.

BRUNEI development of tight gas in varied geological layers ■■ Production in Asia amounted to nearly Shell and the Brunei government are 50:50 of the block. In Sichuan, Shell and CNPC have 1.2 million boe/d in 2013. shareholders in Brunei Shell Petroleum Company agreed to appraise, develop and produce tight gas Sendirian Berhad (BSP). BSP holds long-term oil and in the Jinqiu block under a PSC (Shell interest 49%) ■■ After-tax earnings from the oil and gas gas concession rights onshore and offshore Brunei, and have a PSC for shale-gas exploration, exploration and production operations and sells most of its natural gas production to Brunei development and production in the Fushun of our subsidiaries, joint ventures and LNG Sendirian Berhad (BLNG, Shell interest 25%). Yongchuan block (Shell interest 49%). Shell is also associates in the region were $9.2 billion. BLNG was the first LNG plant in Asia-Pacific, and a party to the Zitong PSC for tight-gas exploration, sells most of its LNG on long-term contracts to development and production (Shell interest 49%). ■■ We are participating in the development customers in Asia. of four key projects in the region: We have also agreed with Chinese National Gumusut-Kakap, Malikai and Sabah Gas We are the operator for the Block A concession Offshore Oil Corporation (CNOOC) to appraise Kebabangan, all in Malaysia, and Rabab (Shell interest 53.9%), which is under exploration and potentially develop three offshore oil and gas Harweel in Oman. and development and also operator for exploration blocks in the Yinggehai Basin, each under a PSC Block Q (Shell interest 50%). We have a 35% (Shell interest 49%). ■■ We started up key projects including non-operating interest in the Block B concession, Majnoon FCP and Basrah Gas Company where gas and condensate are produced from the INDONESIA in Iraq, Amal Steam in Oman and Petai in Maharaja Lela Field. In addition, we have We have a participating interest in the offshore Malaysia. non-operating interests in deep-water exploration Masela block where INPEX Masela is the operator. Block CA-2 (Shell interest 12.5%) and in exploration During 2013, we increased our interest from 30% Block N (Shell interest 50%), both under PSCs. to 35%. The Masela block contains the Abadi gas field. The operator has selected a floating CHINA LNG (FLNG) concept for the field’s first We operate the onshore Changbei tight-gas field development phase. under a PSC with China National Petroleum Corporation (CNPC). The PSC includes the

Left: A fire detector being inspected in the central processing facility at the Changbei gas field Shell operates in Shaanxi province, China.

Below: The Jinqui Tight Gas Project in Sichuan province covers approximately 4,000 square kilometres and is part of Shell’s unconventional gas development business in China. UPSTREAM

23 SHELL INVESTORS’ HANDBOOK 2013

IRAN KAZAKHSTAN Offshore Sarawak, we are the operator of 17 In compliance with international sanctions against We have a 16.8% interest in the offshore Kashagan producing gas fields (Shell interests ranging from Iran, Shell halted its upstream commercial activities field, where the North Caspian Operating 37.5-70%). Nearly all of the gas produced is in Iran in 2010 and ceased buying oil from Iran in Company is the operator. This shallow-water field supplied to Malaysia LNG in Bintulu where we the first quarter of 2012. In 2013, we closed our covers an area of approximately 3,400 square have a 15% interest in each of the Dua and Tiga small representative office in Iran. For more kilometres. Phase 1 development of the field is LNG plants. We also have a 40% interest in the information, see RDS Form 20-F for the year ended expected to lead to plateau production of 2011 Baram Delta EOR PSC and a 50% interest in December 31, 2013. approximately 300 thousand boe/d, increasing Block SK-307. Additionally, we have interests in five further with additional phases of development. After exploration PSCs: Deepwater Block 2B, SK318, IRAQ the start of production from the Kashagan field in SK319, SK408 and SK320. We have a 45% interest in the Majnoon oil field September 2013, operations had to be stopped that we operate under a technical service contract in October due to gas leaks from the sour gas We operate a GTL plant (Shell interest 72%) that expires in 2030. The other Majnoon pipeline. Investigations and repair activities adjacent to the Malaysia LNG facilities in Bintulu. shareholders are PETRONAS (30%) and the Iraqi are ongoing. Using Shell technology, the plant converts natural government (25%), which is represented by the gas into high-quality middle distillates, drilling Missan Oil Company. Majnoon is located in MALAYSIA fluids, waxes and speciality products. southern Iraq and is one of the world’s largest oil We explore for and produce oil and gas located fields. In 2013, we successfully restarted production offshore Sabah and Sarawak under 19 PSCs, in OMAN and Majnoon has reached the milestone of first which our interests range from 20-85%. We have a 34% interest in Petroleum Development commercial production of 175 thousand b/d, which Oman (PDO); the Omani government has a 60% triggers commencement of cost recovery. We also Offshore Sabah, we operate four producing oil interest. PDO is the operator of more than 160 oil have a 15% interest in the West Qurna 1 field. fields (Shell interest 50%). We also have additional fields, mainly located in central and southern Oman According to the provisions of both contracts, Shell’s interests ranging from 30-50% in PSCs for the over an area of nearly 114,000 square kilometres. equity entitlement volumes will be lower than the exploration and development of five deep-water The concession expires in 2044. During 2013, the Shell interest implies. blocks. These include the Gumusut-Kakap Amal Steam enhanced oil recovery project was deep-water field (Shell interest 33%) and the brought on stream. The project is expected to ramp In 2013, the Basrah Gas Company, a joint venture Malikai field (Shell interest 35%). Both these fields up over a number of years and produce some between Shell (44%), South Gas Company (51%) are currently being developed with Shell as the 20 thousand b/d of oil at peak production. and Mitsubishi Corporation (5%) officially started operator. We began early production from operations. The Basrah Gas Company gathers, Gumusut-Kakap in November 2012, by connecting We are also participating in the Mukhaizna oil field treats and processes raw gas produced from the two wells to the Kikeh production facility, which is (Shell interest 17%) where steam flooding, an Rumaila, West Qurna 1 and Zubair fields that was operated by Murphy Sabah Oil. Production from enhanced oil recovery method, is being applied previously being flared. The processed natural gas Gumusut-Kakap via a dedicated floating production on a large scale. and associated products, such as condensate and system is expected to commence during 2014. We liquefied petroleum gas (LPG), will be sold primarily also have a 21% interest in the Siakap North-Petai to the domestic market with the potential to export field which started up in early 2014, a 30% interest any surplus. in the Kebabangan field and a 30% interest in offshore exploration PSC, SB311.

Left: At the Majnoon oilfield central processing facility in Basrah, Iraq, Shell contractors receive instructions on tool use.

Below: Maintenance check on a degassing station at the Majnoon oilfield near Basrah, Iraq. 24 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

ASIA (INCLUDING MIDDLE EAST AND RUSSIA) CONTINUED

We have a 30% interest in Oman LNG, which 145 thousand boe/d in 2013. We also have a mainly supplies Asian markets under long-term 100% interest in three exploration and production contracts. We also have an 11% indirect interest in licences. They are for the Barun-Yustinsky block in Qalhat LNG, another Oman-based LNG facility. Kalmykia, and the Arkatoitsky and Lenzitsky blocks in the Yamalo Nenets Autonomous District. We also QATAR have an exploration licence in the North-Vorkutinsky Pearl in Qatar is the world’s largest GTL plant. area in the Komi Republic. In 2013, we returned the Shell operates the plant under a development and East Talotinskiy licence in the Nenets Autonomous production-sharing contract with the government District to the government. of Qatar. The fully integrated facility includes production, transport and processing of UNITED ARAB EMIRATES approximately 1.6 billion scf/d of wellhead gas In Abu Dhabi, we held a concessionary interest from Qatar’s North Field with installed capacity of 9.5% in the oil and gas operations run by Abu of about 140 thousand boe/d of high-quality liquid Dhabi Company for Onshore Oil Operations hydrocarbon products and 120 thousand boe/d (ADCO) from 1939 to January 2014, when the of NGL and ethane. We have a 30% interest in licence expired. We also have a 15% interest in Qatargas 4, which comprises integrated facilities the licence of Abu Dhabi Gas Industries Limited to produce approximately 1.4 billion scf/d of (GASCO), which expires in 2028. GASCO exports natural gas from Qatar’s North Field, an onshore propane, butane and heavier-liquid hydrocarbons, gas-processing facility and an LNG train with a which it extracts from the wet natural gas collective production capacity of 7.8 mtpa of LNG associated with the oil produced by ADCO. and 70 thousand boe/d of NGL. The LNG is shipped mainly to markets in China, Europe and the In 2013, we were chosen by the Abu Dhabi United Arab Emirates. National Oil Company (ADNOC) to participate in a 30-year joint venture to potentially develop the We are the operator of Block D under the terms of major Bab sour gas reservoirs in Abu Dhabi (Shell an exploration and production-sharing contract with interest 40%). Shell and ADNOC are currently in a Qatar Petroleum, which represents the national period of commercial and technical work that may government. We have a 75% interest; PetroChina lead to development, subject to the signing of the holds the remaining 25% interest. respective joint-venture agreements. It is intended that the joint venture will be the operator, and that RUSSIA the gas will supply the local market in the United We have a 27.5% interest in Sakhalin-2, one of Arab Emirates. the world’s largest integrated oil and gas projects. Located in a subarctic environment, the project REST OF ASIA produced approximately 320 thousand boe/d and Shell also has interests in India, Japan, Jordan, the more than 10 million tonnes of LNG in 2013. We Philippines, Saudi Arabia, Singapore, South Korea have a 50% interest in the Salym fields in western and Turkey. We suspended all exploration and Siberia, where production was approximately production activities in Syria in December 2011.

Left: A service boat at one of the offshore platforms supplying gas to Shell’s Pearl GTL plant – the world’s largest gas-to-liquids facility – near Doha, Qatar.

Below: Shell Qatar staff at the Pearl GTL offices near Doha. UPSTREAM

25 SHELL INVESTORS’ HANDBOOK 2013

OCEANIA

KEY FIGURES 2013 % of total HIGHLIGHTS ■■ Australia is a key growth country for Shell, Total production (thousand boe/d) [A] 175 5% with major investment currently underway Liquids production (thousand b/d) [A] 39 3% to develop more than 6 mtpa of LNG Natural gas production (million scf/d) [A] 788 8% capacity over the next five years. Gross developed and undeveloped acreage (thousand acres) 75,714 26% Proved oil and gas reserves excluding non-controlling interest (million boe) [B] 1,370 10% ■■ We are building the world’s largest floating [A] Available for sale. LNG (FLNG) facility for the Prelude field [B] Includes proved reserves associated with future production that will be consumed in operations. offshore north-west Australia, and are participating in the Gorgon LNG Trains AUSTRALIA beginning with the offshore Gorgon (Shell interest 1-3 project. We have interests in offshore production and 25%) and Jansz-lo (Shell interest 19.3%) fields. It exploration licences in the North West Shelf (NWS) includes the construction of a 15.3 mtpa LNG ■■ In 2013, we started up the North Rankin and Greater Gorgon areas of the Carnarvon Basin, plant on Barrow Island. Redevelopment project and in 2014, as well as in the Browse Basin and Timor Sea. we agreed to divest our interest in Some of these interests are held directly and others We are the operator of a permit in the Browse Wheatstone LNG. indirectly through a shareholding of approximately Basin in which two separate gas fields were found: 23% in Woodside Petroleum Ltd (Woodside). Prelude in 2007, and Concerto in 2009. We are ■■ Production in Oceania amounted to All interests in Australian assets quoted below developing these fields on the basis of our FLNG 175 thousand boe/d in 2013. are direct interests. technology. The Prelude FLNG project is expected to produce about 110 thousand boe/d of natural ■■ After-tax earnings from the oil and gas Woodside is the operator of the Pluto LNG project. gas and NGL, delivering approximately 3.6 mtpa exploration and production operations Woodside is also the operator on behalf of six joint- of LNG, 1.3 mtpa of condensate and 0.4 mtpa of of our subsidiaries, joint ventures and venture participants in the NWS gas, condensate LPG. During 2013, construction of the Prelude FLNG associates in the region were $1.1 billion. and oil fields, which produced more than project continued and we completed the sale of a 470 thousand boe/d in 2013. Shell provides 5% interest to CPC Corporation, reducing our technical support for the NWS development. interest to 67.5%. block (Shell interest 75%); and the Sunrise gas field in the Timor Sea (Shell interest 26.6%). We agreed We have a 50% interest in Arrow Energy Holdings We are also a partner in the Browse joint ventures to sell our interest in the Wheatstone LNG project Pty Limited (Arrow), a Queensland-based joint (Shell interests ranging from 25-35%) covering the in January 2014. venture with PetroChina. Arrow owns coalbed Brecknock, Calliance and Torosa gas fields. In methane assets, a domestic power business and 2013, the Browse joint venture selected Shell’s We are a partner in both Shell-operated and other, the site for a potential LNG plant on Curtis Island, FLNG technology to progress to the basis-of-design non-operated, exploration joint ventures in multiple near Gladstone. phase of the project. basins including the Bonaparte, Exmouth Plateau, Greater Gorgon, Outer Canning and South Exmouth. We have a 25% interest in the Gorgon LNG Our other interests include: a joint venture as the project, which involves the development of some operator of the Crux gas and condensate field REST OF OCEANIA of the largest gas discoveries to date in Australia, (Shell interest 82%); the Shell operated AC/P41 Shell also has interests in New Zealand.

Left: Nearly half a kilometre long and weighing more than 200,000 tonnes, Shell Prelude’s massive hull is floated from the South Korean dry dock where it was built.

Below: At Drydocks World in Dubai, the world’s biggest turret module was built for Shell’s Prelude Floating LNG project. 26 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

AMERICAS

KEY FIGURES 2013 % of total HIGHLIGHTS ■■ Americas production grew to some Total production (thousand boe/d) [A] 735 23% 740,000 boe/d in 2013, driven by Liquids production (thousand b/d) [A][C] 289 21% growth in shale and tight-gas assets, Synthetic crude oil production (thousand b/d) [A] 126 100% which was offset by a decline from Bitumen production (thousand b/d) [A] 19 100% our deep-water business. Natural gas production (million scf/d) [A] 1,750 18% Gross developed and undeveloped acreage (thousand acres) 60,177 21% ■■ After tax earnings were negative in 2013 Proved oil and gas reserves excluding non-controlling interest (million boe) [B] 3,937 28% mainly due to higher exploration costs and [A] Available for sale. dry hole well write-offs. [B] Includes proved reserves associated with future production that will be consumed in operations. [C] Excludes synthetic crude oil and bitumen production. ■■ Shell continued to progress its deep-water growth plans with the start up of BC-10 NORTH AMERICA drainage project in operation near Cold Lake, Phase 2 in Brazil and more recently the Alberta. Additional heavy oil resources and Mars B Olympus tension-leg platform in Canada advanced recovery technologies are under the Gulf of Mexico. Shell also acquired We hold more than 2,100 mineral leases in evaluation on approximately 1,200 square a 20% stake in the Libra pre-salt discovery Canada, mainly in Alberta and British Columbia. kilometres in the Grosmont oil sands area, also offshore Brazil. We produce and market natural gas, NGL, in northern Alberta. During 2013, we announced synthetic crude oil and bitumen. In addition, we our final investment decision to proceed with our ■■ The ASOP debottlenecking project in hold significant exploration acreage offshore. Carmon Creek project (Shell interest 100%), an Canada also started up in 2013. Bitumen is a very heavy crude oil produced through in-situ project that is expected to produce up to conventional methods as well as through enhanced 80 thousand boe/d. ■■ We are participating in development of oil recovery methods. Synthetic crude oil is six key growth projects: Cardamom and produced by mining bitumen-saturated sands, OFFSHORE Stones, in the Gulf of Mexico, MMLS LNG extracting the bitumen from the sands, and We have a 31.3% interest in the Sable Offshore (Elba) in the USA, BC-10 Phase 3 in Brazil, transporting it to a processing facility where Energy project, a natural-gas complex offshore Carmon Creek heavy oil in Canada and hydrogen is added to produce a wide range eastern Canada. We also have a 100% operating liquids-rich shale/tight-gas projects across of feedstocks for refineries. interest in frontier deep-water acreage offshore North America. Nova Scotia and Newfoundland, and a number GAS AND LIQUIDS-RICH SHALE of exploration licences off the west coast of British ■■ Shell continues to appraise liquids-rich We continued to develop fields in Alberta and Columbia and in the Mackenzie Delta in the shale acreage and focus on developing British Columbia during 2013 through drilling Northwest Territories. the more profitable sweet spots within our programmes and investment in infrastructure to Americas acreage. facilitate new production. We own and operate USA four natural gas processing and sulphur-extraction We produce oil and gas in the Gulf of Mexico, plants in Alberta. heavy oil in California and primarily tight gas and liquid hydrocarbons in Louisiana, Pennsylvania, Shell’s Parque das Conchas project, SYNTHETIC CRUDE OIL Texas and Wyoming. The majority of our oil and offshore Brazil, comprises three deep-water We operate the Athabasca Oil Sands Project (AOSP) gas production interests are acquired under leases fields in all that are producing or being in north-east Alberta as part of a joint arrangement granted by the owner of the minerals underlying the developed with subsea wells and manifolds. (Shell interest 60%). The bitumen is transported by relevant acreage, including many leases for federal pipeline for processing at the Scotford Upgrader, onshore and offshore tracts. Such leases usually run which is also operated by Shell and located in the on an initial fixed term that is automatically Edmonton area. In 2013, the first phase of the AOSP extended by the establishment of production for as debottlenecking project came online, adding an long as production continues, subject to compliance additional 10 thousand boe/d of capacity at peak with the terms of the lease (including, in the case of production. The Quest carbon capture and storage federal leases, extensive regulations imposed by project (Shell interest 60%), which is expected to federal law). capture and permanently store more than 1 mtpa of

CO2 from the Scotford Upgrader, is currently under GULF OF MEXICO construction and is expected to start operation The Gulf of Mexico is the major production area in towards the end of 2015. the USA, and accounts for almost 50% of Shell’s oil and gas production in the country. We have an Shell also holds a number of other mineable oil interest in approximately 450 federal offshore sands leases in the Athabasca region with expiry leases in the Gulf of Mexico. Our share of dates ranging from 2018 to 2025. By completing production in the Gulf of Mexico averaged almost a certain minimum level of development prior to 180 thousand boe/d in 2013. Key producing their expiry, leases may be extended. assets are Auger, Brutus, Enchilada, Mars, NaKika, Perdido, Ram-Powell and Ursa. BITUMEN We produce and market bitumen in the Peace River We continued to grow our presence in the Gulf of area of Alberta, and have a steam-assisted gravity Mexico in 2013 by adding three additional drilling UPSTREAM

27 SHELL INVESTORS’ HANDBOOK 2013

rigs to our contracted offshore fleet. We also Aera operates more than 15,000 wells, producing from the BC-10 Phase 2 project in October 2013, secured 36 blocks in the 2013 Central and approximately 130 thousand boe/d of heavy oil which aims to deliver peak production of Western Gulf lease sales. and gas. 35 thousand boe/d. In 2013, we exercised our preemptive rights to acquire an additional 23% ONSHORE Alaska in the BC-10 project, and in January 2014 we We have significant holdings of tight-gas and We hold more than 410 federal leases for agreed to sell a 23% interest to Qatar Petroleum liquids-rich shale acreage including in the Marcellus exploration in the Beaufort and Chukchi seas in International, which would return our interest to shale, centred on Pennsylvania in north-east USA, Alaska. As a result of the grounding of the Kulluk 50%, subject to completion. We also operate one the Delaware Permian Basin in west Texas and drilling rig at the end of 2012, exploration drilling in offshore exploration block in the Santos Basin, the Eagle Ford shale formation in south Texas 2013 was deferred. We have made the decision to BMS-54 (Shell interest 80%). We have interests in where we are in process of selling our Piloncillo dispose of the Kulluk and contracted a replacement two offshore exploration blocks in the Espirito Santo Ranch acreage. rig. An impairment charge was recognised in 2013. basins, BMES-23 (Shell interest 20%) and BMES-27 A recent US Ninth Circuit Court decision against the (Shell interest 17.5%). We also operate one block in In recent years, we have invested significant Department of the Interior raises obstacles for our the São Francisco onshore basin area. amounts in our tight-gas and liquids-rich shale plans for drilling offshore Alaska. As a result, we portfolio. There is still significant amounts of drilling have decided to suspend our exploration We also have an 18% interest in Brazil Companhia that must be conducted in certain properties. programme for Alaska for 2014, and we will de Gas de São Paulo (Comgás), a natural gas If future well results do not meet our expectations, continue to review the situation as we develop distribution company in the state of São Paulo. there could be additional asset sales and/or our plans for 2015. impairments. Additionally, management will In 2013, a consortium of companies in which continue to review the strategic fit of our tight-gas Rest of North America Shell holds a 20% interest won a 35-year PSC to and liquids-rich shale assets. Depending on the Shell also has interests in Mexico. develop the Libra pre-salt oil discovery located in outcome of that review and future capital allocation the Santos Basin. to these properties, additional asset sales and/or SOUTH AMERICA impairments could also occur. Rest of South America Brazil Shell also has interests in Argentina, Colombia, California We are the operator of several producing fields French Guiana, Guyana, Peru, Trinidad and We have a 51.8% interest in Aera Energy LLC offshore Brazil. They include the Bijupirá and Tobago, and Venezuela. (Aera), which holds assets in the San Joaquin Valley Salema fields (Shell interest 80%) and the BC-10 and Los Angeles Basin areas of southern California. field (Shell interest 73%). We started production

Shell’s FPSO Espirito Santo floating production, storage and offloading facility, serving the Parque das Conchas project in offshore Brazil. 40 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM MAPS EUROPE

ITALY UKRAINE

HUNGARY SLOVENIA

CROATIA RUSSIA

BOSNIA AND HERZEGOVINA SAN MARINO KIEV

KHARKIV

ADRIATIC SEA JAA Blocks

ROME ITALY UKRAINE Yuzivska

NAPLES Gorgoglione """" Val d' Agri """

TYRRHENIAN SEA Tempa Rossa

PALER MO SEA OF AZOV BLACK SEA IONIAN SEA

0 100 200 300 400 km 0 50 100 150 200 km

ALBANIA GREENLAND

ROATIA MONTENEGRO SERBIA

GREENLAND SEA

ADRIATIC SEA ALBANIA MACEDONIA Umimmak TIRANA Nerleq

GREENLAND

Block 5 - Anu "" Shpirag-2 Block 8 - Napu

UPERNAVIK

BAFFIN ITALY BAY

GREECE

0 25 50 75 100 km 0 100 200 300 400 km

Upstream facility Oil or mixed oil and gas project Shell oil pipeline Integrated gas facility Gas project Shell gas pipeline Downstream facility 2013 notable discovery or appraisal success Concession licences MAPS

41 SHELL INVESTORS’ HANDBOOK 2013

NORTH-WEST EUROPE

GREENLAND "

GREENLAND SEA FINLAND

ICELAND NORWEGIAN SEA

" Draugen

Ormen-Lange " "

NORWAY SWEDEN " Brent " Gjoa " " " Kvitebjorn Clair " " Loyal " "

Schiehallion OSLO Beryl "" " "" " " " "" Kingfisher " "" "" St. Fergus " """ " " " "" """ "" "" " """ " NORTH " Goldeneye " " NORTH SEA ATLANTIC OCEAN " " " DENMARK " Mossmorran " Halfdan COPENHAGEN " " " " "" Fredericia """ """ "" Corrib "

" K08-FA "" "" "" Groningen " " " IRELAND DUBLIN EASINGTON " " "" " Harburg " " """" """ "" "" Schwedt "" "" " """"" " """" " " " "" """""""""" "" Stanlow " " "" """ """"" " " """ """"""""" """""""" " "" " " """"""" " """" " " " "" " """ "" " " "" " " " " BERLIN " """ " "" " POLAND Bacton "" """ " """"" " "" """" " "" " " "" """"""" " """" " """ UNITED KINGDOM AMSTERDAM" """NETHERLANDS """""" Schoonebeek """"" Pernis """"" " "" LONDON Moerdijk " GERMANY " " " BRUSSELS Rheinland BELGIUM CELTIC SEA CZECH REPUBLIC LUXEMBOURG "

" " Miro Karlsruhe FRANCE AUSTRIA

0 100 200 300 400 km 42 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

AFRICA

EGYPT

MEDITERRANEAN SEA

MATRUH PORT SAID " ALEXANDRIA Obaiyed "" "

OBA J5 TA NTA

BED 3 C4W " " " " " "" CAIRO SUEZ " " " " " "" " """ "" " " "" " """" " """ Sitra C4 East "" " "" WS C86 " Bahga C98 "" Al Magd C86 EL-FAIYUM

LIBYA EGYPT

0 50 100 150 200 km

GABON TUNISIA

EQUATORIAL SAO TOME GUINEA TUNIS AND PRINCIPE Igoumou Marin

LIBREVILLE SÃO TOMÉ AND PRÍNCIPE

El Jem

PORT GENTIL LAMBARENE GABON

Damier Koula "" "" M'Boukou TUNISIA MEDITERRANEAN Avocette " To u c a n " Coucal SEA " Ozigo Rabi

BC 9 " Atora " Bende-M'Bassou " To to u " " Gamba BCD 10 Gamba-Ivinga

MAYUMBA ATLANTIC OCEAN CONGO ALGERIA LIBYA

0 50 100 150 200 km 0 50 100 150 200 km

43 SHELL INVESTORS’ HANDBOOK 2013

NIGERIA AND BENIN

BENIN NIGERIA PORTO NOVO LAGOS

BIGHT OF BENIN

Block 04 " " " " "" " OML133 " " " " " WA RRI " " " " " " " " "" Forcados " " " " " " """ " " " " " "" " " " "" " " " " " " " " " "" " " PORT HARCOURT " " "" " " " " " " "" " " " " " "" " " " " " " " " OML79 "" " " " "" " " " " " " CALABAR " " " " " " """ OML11 " " " " " " """ "" " " """ " " " " " " " " " " " " " " " " " " " " " " " " " "" "" " " "" " " " " " " " " " " " " "" " " OML13 " " " " " " " " " " " " """ " " " " " " "" " " " " " " " " " "" " " #" "" Bonny OPL322 OML118 Nigeria LNG " " " " " " " " " OML72 " " " " " " " "" "" "" OML77 OML74 OML71 "

" EQUATORIAL OML135 GULF OF GUINEA GUINEA "

"" Zabazaba OPL245 "

0 50 100 150 200 km

TANZANIA SOUTH AFRICA AND NAMIBIA

KENYA

BOTSWANA

JOHANNESBURG NAMIBIA

DODOMA Block 08 DAR ES SALAAM Block 06 SOUTH AFRICA LESOTHO Block 2913A/2914B DURBAN "" TANZANIA INDIAN OCEAN Durban Refinery

Orange Basin

CAPE TOWN

INDIAN OCEAN MOZAMBIQUE

0 100 200 300 400 km 0 100 200 300 400 km 44 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

ASIA

OMAN, QATAR, SAUDI ARABIA AND UNITED ARAB EMIRATES

" Al Jubail

WHP9 WHP7

" WHP8 IRAN " " " Pearl 1 BAHRAIN " Pearl 2 Pearl GTL Plant##Qatargas LNG Plant

Block D THE GULF

DOHA DUBAI

QATAR

ABU DHABI GULF OF OMAN SUHAR

Bab Sour Gas "

UNITED ARAB OMAN MUSCAT EMIRATES

" " " " " """ " "" Qalhat LNG # " " " Oman LNG SUR " " " " " " " " "" " " " " " " " " "" " Kidan " " " " " "

" " " " " " " " " Qarn Alam Power Station SAUDI ARABIA " " " " " " " ""

" " " " " " " " " " " " "" " " " " " " " " " """ " " " " " " " "" " " " " " " " " " " """ North, Central " " " " "" """" " " & South Oman " " " " " " " """ " " " " """" " " "" "" "" """ " " " " "" " """ " "" " """ "" " """" " """" " " " "" " "" " " """" " " " """ " " " "" " """" " " "" "" """" " """"" Harweel 'A' Gath. Stn. " "" """" """ " " " " " " " " " " " " " " YEMEN "" ARABIAN SEA

RAYSUT

0 50 100 150 200 km

45 SHELL INVESTORS’ HANDBOOK 2013

TURKEY

DW block 3920 BLACK SEA GEORGIA

ISTANBUL

" Izmit

ANKARA " Kirikale

" Izmir TURKEY

Dadas

" Batman

ANTALYA

Bati Toros MEDITERRANEAN SEA SYRIA IRAQ

0 50 100 150 200 km

JORDAN

SYRIA IRAQ

AMMAN MEDITERRANEAN SEA

Central Oil Shale

ISRAEL JORDAN SAUDI ARABIA

South Oil Shale

EGYPT

0 255075100km 46 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

ASIA CONTINUED

RUSSIA – SIBERIA RUSSIA – SAKHALIN

OKHA

PA-B " Vorkutinskiy Sev.-01 PA-A " Piltun-Astokhskoye

VORKUTA OKHA

PA-B NOGLIKIPiltun-Astokhskoye

Lenzitsky Onshore Processing Facility " " LUN-A Lunskoye Onshore Processing Lunskoye Facility (OPF)

A SEA OF RUSSIA RUSSIA OKHOTSK Sakhalin Arkatoisky Sakhalin

" BS 2

KHOLMSK YUZHNO-SAKHALINSK SURGUT LNG Plant Oil Export Terminal

West Salym " KHOLMSK "" YUZHNO-SAKHALINSK Zhuravl " Vadelyp Upper Salym Sakhalin LNG #" Oil Export Terminal

0 200 400 600 800 km 0 100 200 300 400 km

KAZAKHSTAN AND RUSSIA IRAQ

KAZAKHSTAN

Majnoon "

Barun-Yustinskiy " " Bolashak Onshore Processing Facility West Qurna " AT YRA U

RUSSIA IRAQ IRAN " Kashagan " Kairan " ASTRAKHAN BASRA Kashagan SW " " Aktote Kalamkas " Auezov " " Khazar " Basrah Gas Company

" Bautino Base

CASPIAN SEA

AKTAU KUWAIT THE GULF

" Kuryk

0 100 200 300 400 km 0 25 50 75 100 km

47 SHELL INVESTORS’ HANDBOOK 2013

BRUNEI AND MALAYSIA

" Barton South Furious " Block G SOUTH CHINA SEA " Saint Joseph SULU SEA Ubah " " Kebabangan Malikai " Petai SB311 " 2B " Pisagan KOTA KINABALU Limbayong " " """ CA2 Gumusut "" Geronggong " SOGT M1 Saderi Kakap Jintan " " " Maharaja Lela " Champion " SK318 Champion West " " M4 " " " " Serai " " " Selangkir "" Bugan MALAYSIA PHILIPPINES M3 " " " SK320 "Bijan Fairley " Iron "Duke M3S " " G7 " F14 " Cili Padi Fairley-Baram " " BANDAR SERI BEGAWAN F29 " SW Ampa " " " " F23 SK408 " " " " Iron Duke South " " " B11 " "" " " " #BLNG F6 " Beryl " Laila "" " Selasih B12 " " " F28 " "" F13E SK307" " F5E MIRI SK319 "" " F13W E6 " " " BRUNEI E8 " E11 E19NE Shallow Clastic D12 " ND6 ND7

Bintulu #" SMDS MLNG

INDONESIA CELEBES SEA

0 50 100 150 200 km

PHILIPPINES CHINA

BEIJING MANILA "" " Changbei 2 " Changbei YINCHUAN

" Daning " BATANGAS Tabangao "

XI'AN

SOUTH CHINA SEA PHILIPPINES " Zitong " Jinqiu SHANGHAI CHENGDU CHINA " Fushun

San Martin " SC 38B " Malampaya " Destecado " SC 38A

TAIWAN

" Nanhai SAN JOSE HONG KONG DE BUENAVISTA MYANMAR VIETNAM (BURMA) 35/10 LAOS SOUTH CHINA SEA SULU SEA 62/02 62/17 PHILIPPINES THAILAND

050100150200km 0 200 400 600 800 km 48 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

OCEANIA

WEST AUSTRALIA AND INDONESIA

" Abadi " Greater Sunrise INDONESIA " Evans Shoal

TIMOR SEA

AC/P 52 AC/P 41 DARWIN "" Crux WA-44-L " #" Prelude " WA-477-P " " Brecknock Browse Joint Venture WA-466-P

WA-462-P WA-464-P DERBY

BROOME North West Shelf Kentish Knock South 1 North Rankin " " """ "" " " "" " WA-496-P "" " """ """ " " "" " "" """ " " " " " " " NWS Australia LNG " # # Pluto LNG AUSTRALIA Gorgon LNG DAMPIER

EXMOUTH INDIAN OCEAN WA-384-P Western Australia Northern Territory

0 100 200 300 400 km

EAST AUSTRALIA NEW ZEALAND

TOWNSVILLE

CORAL SEA AUCKLAND

MACKAY

" Moranbah Gas Processing Facility Moranbah Pohokura" """"NEW PLYMOUTH " " " Maui " "KapuniKapuni

GLADSTONE TASMAN SEA WELLINGTON AUSTRALIA

CHRISTCHURCH

Kogan North "" "Braemar 2 Power Station NEW ZEALAND Daandine " BRISBANE Stratheden Tipton West DUNEDIN PACIFIC OCEAN South Queensland Australia New South Wales Great South Basin

0 100 200 300 400 km 0 100 200 300 400 km

49 SHELL INVESTORS’ HANDBOOK 2013

AMERICAS

NORTH-WEST USA NORTH-EAST USA

CANADA

CANADA UNITED STATES OF AMERICA " New York Puget Sound UNITED STATES "" Sarnia Refinery SEATTLE Washington OF AMERICA North Dakota Montana Marcellus " BINGHAMTON " " " " " South Dakota " " OregonIdaho Wyoming Tioga " CLEVELAND " Pinedale " CASPER Bradford

Nebraska " Slippery Rock California Ohio Pennsylvania Nevada Utah Colorado Kansas PITTSBURGH " Martinez WICHITA " New Oklahoma Maryland Jersey Arizona New Mexico LOS ANGELES West Virginia EL PASO Te xa s #Costa Azul Delaware PACIFIC " Permian CHARLESTON OCEAN Virginia # Cove Point MEXICO

0 200 400 600 800 km 0 50 100 150 200 km

SOUTH USA AND GULF OF MEXICO

SHREVEPORT UNITED STATES " " " " " " """ OF AMERICA " " " " Haynesville "" " """ Texas Mississippi Alabama

Mobile " Louisiana MOBILE Florida BATON ROUGE Geismar Convent " " " NEW IBERIA NEW ORLEANS " Port Arthur Motiva Refinery Norco HOUSTON " Deer Park

SAN ANTONIO HOUMA Ram-Powell Ariel NaKika " Kepler Herschel " Chittim Ranch Elmer Cognac " Appomattox " Ursa "" WD 143 " " " Enchilada North " Vicksburg Eagle Ford West Boreas "" Chimichanga King " " Fourier Hickory " " " Salsa " Mensa Coulomb Cougar " Deimos """"" Piloncillo Ranch " " Conger Europa " Princess East Anstey " Brutus " " Ursa " " " Popeye Antiqua Troika " " " Vito Crosby-Pastel Pink " Glider Cardamom "" Habanero " Mars Auger " Llano South Deimos Mars-B (Olympus) Oregano Caesar "" Macaroni To nga

" Stones

" Perdido " " Silvertip Great White Tobago MEXICO GULF OF MEXICO

0 50 100 150 200 km 50 SHELL INVESTORS’ HANDBOOK 2013 REPORTS.SHELL.COM

AMERICAS CONTINUED

ALASKA, YUKON AND NORTHWEST TERRITORIES NOVA SCOTIA AND NEWFOUNDLAND

Newfoundland

BEAUFORT SEA

BARROW Nova Scotia CHUKCHI SEA HALIFAX

" " " Laurentian UNITED STATES Mackenzie Delta Sable Island OF AMERICA CANADA Alaska Yukon Northwest Territories

Central Mackenzie Valley " Shelburne ATLANTIC OCEAN FAIRBANKS

0 100 200 300 400 km 0 100 200 300 400 km

ALBERTA AND BRITISH COLUMBIA

UNITED STATES OF AMERICA "

Alberta

" Gundy

Attachie " FORT ST. JOHN " Kitimat " Peace Groundbirch "" " " River Ells " " (Lower Montney) River "" """ Carmon " " Creek " Jackpine Mine " Cliffdale " " Grosmont FORT MCMURRAY " GRANDE PRAIRIE " " " "" " Gold Creek

"" " Kaybob " " " " " " "" " " """ CANADA "" " "" Quest " Orion " " " " Scotford " " British Columbia Saskatchewan EDMONTON

" Rocky Mountain House " "

" a Are " pan Clearwater Klap " Limestone " "" " " " AD A "" "" CarolineCA N "" " "" """"" Panther " " ""UNITED STATES " " " " Burnt Timber " " VAN CO U VE R """" """ atch Jumping Pound Sask " """"" CALGARY " " "

" " "" "" Waterton PACIFIC OCEAN UNITED STATES " " " " OF AMERICA Pincher Creek "

0 100 200 300 400 km

51 SHELL INVESTORS’ HANDBOOK 2013

COLOMBIA AND VENEZUELA FRENCH GUIANA AND GUYANA

TRINIDAD ATLANTIC OCEAN AND TOBAGO

Atlantic LNG CARIBBEAN SEA #

Gua Off 3 Stabroek

Col 3 MABARUMA

BARRANQUILLA VENEZUELA MARACAIBO " CARACAS GEORGETOWN Guyane Maritime " Atlantic LNG # Urdaneta Oeste GUYANA PARAMARIBO

CAYENNE VMM 27 VMM 3 VENEZUELA VMM 28 SURINAME FRENCH GUIANA COLOMBIA

BOGOTA

CPE-4 BRAZIL BRAZIL

0 100 200 300 400 km 0 100 200 300 400 km

ARGENTINA AND PERU BRAZIL

LIMA # Peru LNG

PERU BRAZIL

BOLIVIA MACEIO

BRAZIL

" CHILE PARAGUAY BRASILIA Sao Francisco Acambuco BOLIVIA BM-ES-27 BM-ES-23 PACIFIC ARGENTINA Argonauta "" BC-10 OCEAN Massa Ostra " RIO DE JANEIRO Abalone URUGUAY PARAGUAY SAO PAULO Salema Libra Bijupira BUENOS AIRES "" BMS-54 " Buenos Aires Refinery Gato do Mato

"" Argentina LRS "" ARGENTINA SOUTH SOUTH ATLANTIC OCEAN ATLANTIC OCEAN

0 250 500 750 1,000 km 0 200 400 600 800 km