Shell to Bring Several Platforms Back Online Within Two Weeks

Shell expects to have the facilities at Brutus and South Timbalier 301 back on line by the end of next week.   Routine maintenance plans at Mars, Ursa and West Delta 143 have been accelerated and production is expected to be back on line by the end of next week.  By the middle of the following week, the Auger and Enchilada assets are expected to be back on line.

Shell says several operated assets are still shut in for hurricane repairs, maintenance or waiting on downstream infrastructure repairs.  Shell operated GoM assets produce peak rates of about 500,000 barrels of oil equivalent per day (boe/d), Total Gross (TG) but have mostly been shut in since Saturday, August 30th in preparation for Hurricane Gustav.  Production ramp up is occurring slowly and is currently at 32,000 boe/d TG.

Shell Net GoM peak production (our interest in both Shell operated and non-operated production) runs in the 350,000 boe/day range and is currently at about 39,000 boe/d.