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Thursday 12 April, 2012

Royal Dutch Shell

RDS:GOM Oil Sheen Status Update


Gulf of Mexico Oil Sheen Status Update

The Hague, April 12 2012

Following reports of an oil sheen in the vicinity of the Mars and Ursa
production area in the Gulf of Mexico yesterday, a thorough inspection to date
of Shell assets reveals operations in the area are normal with no sign of
leaks.  We have also confirmed there are no well control issues associated with
our drilling operations in the area.

Shell is continuing to cooperate with federal regulators in their efforts to
determine the cause and nature of the sheen, which is estimated to be 6
barrels. 

In addition, although we are confident at this time that the sheen did not
originate from Shell operations, out of prudent caution we will continue to
respond to the sheen.  In that regard, the following actions have taken place:

         Louisiana Responder, Oil Spill Response Vessel (OSRV) is on station
and remains ready to respond

         Over flights will continue as weather conditions permit

         Shell has deployed two remote operating vehicles to inspect Shell and
non-Shell infrastructure and search for potential naturally-occurring seeps in
the area.

Enquiries

Shell Investor Relations
Europe - Tjerk Huysinga: + 31 70 377 3996
United States - Ken Lawrence: +1 713 241 2069

Shell Media Relations
International, UK, European Press: +31 70 377 3600

CAUTIONARY NOTE

The companies in which Royal Dutch Shell plc directly and indirectly owns
investments are separate entities. In this release "Shell", "Shell group" and
"Royal Dutch Shell" are sometimes used for convenience where references are
made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the
words "we", "us" and "our" are also used to refer to subsidiaries in general or
to those who work for them. These expressions are also used where no useful
purpose is served by identifying the particular company or companies.
``Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this
release refer to companies in which Royal Dutch Shell either directly or
indirectly has control, by having either a majority of the voting rights or the
right to exercise a controlling influence. The companies in which Shell has
significant influence but not control are referred to as "associated companies"
or "associates" and companies in which Shell has joint control are referred to
as "jointly controlled entities". In this release, associates and jointly
controlled entities are also referred to as "equity-accounted investments". The
term "Shell interest" is used for convenience to indicate the direct and/or
indirect (for example, through our 23% shareholding in Woodside Petroleum Ltd.)
ownership interest held by Shell in a venture, partnership or company, after
exclusion of all third-party interest.

 

This release contains forward-looking statements concerning the financial
condition, results of operations and businesses of Royal Dutch Shell. All
statements other than statements of historical fact are, or may be deemed to
be, forward-looking statements. Forward-looking statements are statements of
future expectations that are based on management's current expectations and
assumptions and involve known and unknown risks and uncertainties that could
cause actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements include,
among other things, statements concerning the potential exposure of Royal Dutch
Shell to market risks and statements expressing management's expectations,
beliefs, estimates, forecasts, projections and assumptions. These
forward-looking statements are identified by their use of terms and phrases
such as ``anticipate'', ``believe'', ``could'', ``estimate'', ``expect'',
``intend'', ``may'', ``plan'', ``objectives'', ``outlook'', ``probably'',
``project'', ``will'', ``seek'', ``target'', ``risks'', ``goals'', ``should''
and similar terms and phrases. There are a number of factors that could affect
the future operations of Royal Dutch Shell and could cause those results to
differ materially from those expressed in the forward-looking statements
included in this release, including (without limitation): (a) price
fluctuations in crude oil and natural gas; (b) changes in demand for the
Shell's products; (c) currency fluctuations; (d) drilling and production
results; (e) reserve estimates; (f) loss of market share and industry
competition; (g) environmental and physical risks; (h) risks associated with
the identification of suitable potential acquisition properties and targets,
and successful negotiation and completion of such transactions; (i) the risk of
doing business in developing countries and countries subject to international
sanctions; (j) legislative, fiscal and regulatory developments including
potential litigation and regulatory measures as a result of climate changes;
(k) economic and financial market conditions in various countries and regions;
(l) political risks, including the risks of expropriation and renegotiation of
the terms of contracts with governmental entities, delays or advancements in
the approval of projects and delays in the reimbursement for shared costs; and
(m) changes in trading conditions. All forward-looking statements contained in
this release are expressly qualified in their entirety by the cautionary
statements contained or referred to in this section. Readers should not place
undue reliance on forward-looking statements. Additional factors that may
affect future results are contained in Royal Dutch Shell's 20-F for the year
ended 31 December, 2011 (available at www.shell.com/investor and www.sec.gov ).
These factors also should be considered by the reader. Each forward-looking
statement speaks only as of the date of this release, 12 April 2012. Neither
Royal Dutch Shell nor any of its subsidiaries undertake any obligation to
publicly update or revise any forward-looking statement as a result of new
information, future events or other information. In light of these risks,
results could differ materially from those stated, implied or inferred from the
forward-looking statements contained in this release. There can be no assurance
that dividend payments will match or exceed those set out in this release in
the future, or that they will be made at all.

 

END