Shell Investors’ Handbook 23 Upstream

In Shell sold its 30% interest in oil mining leases 26 and 42 and related facilities in the for a consideration of some $0.5 billion. The HIGHLIGHTS assignment of its interests in respect of . Production amounted to nearly 0.5 million boe/d, which was around 15% of our total OMLs 34 and 40 is still awaiting requisite 2011 production. consents for completion. . A fter-tax earnings from oil and gas exploration and production operations of our subsidiaries in the region were $4.1 billion. Offshore . We are participating in the development of the Bonga North West project in Nigeria. The main offshore deep-water activities are carried out by Shell Nigeria Exploration and Production Company (Shell interest 100%) with interests in three deep-water KEY FIGURES blocks. Shell operates two of the blocks 2011 % of total including the 120 km offshore. Total production (thousand boe/d) [A] 471 15% Deep-water offshore activities are typically Liquids production (thousand b/d) [A] 326 21% governed through PSCs with NNPC. Natural gas production (million scf/d) [A] 840 9% Gross developed and undeveloped acreage (thousand acres) 26,766 11% Additionally, SPDC holds an interest in six Proved oil and gas reserves excluding non-controlling interest (million boe) [B] 1,200 8% shallow-water offshore leases, of which five [A] Available for sale. expired on November 30, 2008. However, [B] Includes proved reserves associated with future production that will be consumed in operations. SPDC satisfied all the requirements of the Nigerian Act, to be entitled to an EGYPT a joint venture (Shell interest 30%) that extension. We have a 50% interest in the Badr holds over 30 Niger Delta onshore oil El-Din Petroleum Company (Bapetco), a mining leases (OMLs), which expire in LNG joint venture with the Egyptian General 2019. To provide funding, Modified Carry Shell has a 25.6% interest in Nigeria LNG Petroleum Corporation. Bapetco carries out Agreements are in place for certain key (NLNG), which operates six LNG trains field operations in the West Desert, where projects and a bridge loan was drawn with a total capacity of 21.6 mtpa. NLNG we have interests in the BED, NEAG, NEAG down by the Nigerian National Petroleum continued production at near full capacity Extension, West Sitra, Sitra, Obaiyed and Company (NNPC) in 2010. during 2011, mainly as a consequence of Alam El Shawish West concession areas. improved gas supply due to stable security The Gbaran-Ubie integrated oil and gas and the start-up of the Gbaran-Ubie project. In addition, we have interests in the project (Shell interest 30%) came on-stream offshore North West Demiatta concession in 2010 in Bayelsa State and achieved peak REST OF AFRICA and two BP-operated offshore concessions: gas production of 1 billion scf/d in early Shell also has interests in Algeria, Ghana, North Damietta Offshore and North Tineh 2011. Gas from Gbaran-Ubie is delivered to Libya, South Africa, Tanzania, Togo and Offshore. power plants for domestic use and to Nigeria Tunisia. LNG Ltd (NLNG) for export. Oil production GABON has reached some 45 thousand b/d. We have interests in eight onshore mining concessions and three offshore exploration  Welder at the Gbaran-Ubie project, Nigeria. concessions. Two of the non-operated concessions (Coucal and Avocette) have been converted into PSCs as of January 1, 2011. A Shell-operated exploration concession – in the deep-water Igoumou Marin block – has entered the second exploration period, but is currently suspended pending the resolution of a geographical boundary dispute.

NIGERIA Security in Nigeria remained relatively stable during 2011. Shell-share production in Nigeria was some 385 thousand boe/d in 2011 compared with some 400 thousand boe/d in 2010.

Onshore The Shell Petroleum Development Company of Nigeria Ltd (SPDC) is the operator of 46 Shell Investors’ Handbook Maps

AFRICA

EGYPT

MEDITERRANEAN SEA N.Damietta Offshore"A" N.Tineh Offshore

MATRUH ALEXANDRIA PORT SAID " " """"

Obaiyed J2 " "AL HAMRA " TANTA " " " " " " " " " " " "

NEAG-C91 " "" " "" NE Abu Gharadig CAIRO SUEZ " " " " " "" " " " "" " " " """ "" " " " NEAG2 C5 E "" """ " " """" " " West Sitra " " " " " " " """" " " AESW C1-A EL FAIYUM

LIBYA EGYPT

050100150200km

NIGERIA

" """ " " " BIGHT OF BENIN " NIGERIA Gbetiokun " " " " " " " " "" " " " " " " " " " " WARRI"" " " " " OML133 " " " " Erha-N " " Utorogu " " " Forcados-Yokri " Bosi " " " """ " " " " Assa Erha " " Zarama " " " " " " " " " " " """" " " " " " " " " " " " " "" " "" " " " " " "" " Ubie " " " " " " " " " " " " " " " " " """ "" " " " " " "" " CALABAR OML79 " " " " """ "" " " "" " " " " " " " " " " " " " " " Afam "" " " Kolo Creek " " " " EJA " " " " "" " " " ""EA " " Nun River " " " " " CAMEROON " " " " " " " " " " " " " "" " " OML13 " OML118 " " " " Soku " " " " " """ " " " Bobo Santa " " " OML11" " " " " " Tologbene """ " " " " " " Bonga Barbara " " " " " " " "" " " "" " " OPL322 " " " " " " Bonga-SW " " " " " Cawthorne "" """ Channel " " " " " " Kalaekule " " OML77 " OML74 " " " HA " " " OML72 " " " " "" "" " "" OML71 JK

MALABO

" Ngolo EQUATORIAL GUINEA OML135 " Doro " Bolia BIGHT OF Zabazaba " OPL245 BIAFRA " Etan

050100150200km

{ Shell oil projects { Terminal Shell oil pipeline Shell interest { Shell gas projects 2011 discoveries from core exploration activities Shell gas pipeline Shell Investors’ Handbook 47 Maps

GABON LIBYA AND TUNISIA

EQUATORIAL SAO TOME GUINEA AND PRINCIPE GREECE Igoumou Marin Raf Raf LIBREVILLE ITALY SÃO TOMÉ Azmour AND PRÍNCIPE TUNIS

PORT GENTIL LAMBARENE MEDITERRANEAN SEA GABON Awoun Damier TUNESIA Avocette "" Koula Mellitah " M'Boukou "" TRIPOLI " Toucan " Coucal Ozigo " Rabi BENGHAZI Atora " Zueitina " Bende-M'Bassou Ras Lanuf BC 9 " " Totou Brega " NC212 " Gamba-Ivinga CONGO NC211-NC215 " Area 89 BCD 10 Gamba ALGERIA LIBYA NC211C MAYUMBA SOUTH ATLANTIC OCEAN

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

TANZANIA

KENYA

DODOMA

TANZANIA

Block 5-6

INDIAN OCEAN

MOZAMBIQUE

0 100 200 300 400 km