Shell Continues to Increase GOM Production; Repairs Ongoing

Shell reports that production from its operated assets in the Gulf of Mexico is over 400,000 boe/d TG and that current total Shell Net production is about 310,000 boe/d after Hurricane Ike. The company said that Salsa, Bullwinkle and South Timbalier 300 facilities still have repairs ongoing. Production resumption dates for remaining facilities will vary, but all repair work should be completed around the end of March, 2009

Shell operated GOM assets normally produce peak rates of about 500,000 barrels of oil equivalent per day (boe/d), Total Gross (TG). Total Shell Net (SN) GOM peak production (our net interest in both Shell operated and non-operated production) normally runs in the 350,000 boe/day range.