Shell, Exxon To Extend Life Of 3 UK Gas Installations

LONDON Apr 10, 2007 (Dow Jones Newswires)

The U.K. arm of Royal Dutch Shell PLC (RDSA) and Esso Exploration and Production U.K., a subsidiary of ExxonMobil (XOM), said they will extend the life of three U.K. onshore gas installations until 2021.

"(The installations) are about 22 years old so reaching the end of their operational life...this project will extend that to 2021," a spokeswoman for Shell told Dow Jones.

The three installations are the St. Fergus Gas to Liquids Plan, the Fife Natural Gas and Liquids Plant and the Braefoot Bay Loading Terminal.

The spokeswoman added the GBP350 million rejuvenation project won't reduce production and flows through the installations.

"This project will contribute towards diversifying the U.K.'s energy supplies by enhancing facilities to receive Norwegian gas, will extend the life of Shell and ExxonMobil's facilities in Scotland and will help to sustain feedstock supply to our ethylene plant in Fyfe," Robert Olsen, chairman and production director at ExxonMobil said.

Copyright (c) 2007 Dow Jones & Company, Inc.

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