New project put into operation will increase Shell cash flow

Shell said last week that the company is entering a new growth period stimulated by the increase in oil and gas production and reserves, which will lead to a significant increase in the company's cash flow.

Shell expects the company's oil and gas production in 2012 will reach 3.5 million barrels of oil per day, compared with 3.15 million barrels per day in 2009. The company is evaluating more than 35 new projects with proven oil and gas reserves of approximately 8 billion barrels of oil equivalent. With the commissioning of these new projects, if the international oil price is US$60/barrel, the cash flow from operations will increase by approximately 50% from 2009 to 2012; if the oil price is US$80/barrel, the cash flow will increase by more than 80%. .

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