LONDON May 31, 2006 (Dow Jones Commodities News via Comtex)
Royal Dutch Shell PLC (RDSA) said Wednesday it has found around 3 billion cubic meters of natural gas, or 18 million barrels of oil equivalent, in two North Sea blocks.
The Anglo-Dutch company said in a statement it planned to develop the gas finds, in the southern North Sea, under the names Shamrock North and Shamrock South.
"Shamrock is likely to come on stream in 2008," Shell said.
The gas finds, of which Shell has 100% interest, are equal to less than 5% of the U.K.'s current annual gas demand, which has been increasingly driven by the growing number of gas-fired power plants.
Copyright (c) 2006 Dow Jones & Company, Inc.
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you
need utilization and industry trends or detailed reports on future rig contracts. Subscribing
to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports
using hundreds of available data columns. For more information about a RigLogix subscription,