2012 Preview: Royal Dutch Shell
That being said, the company also curbed production in Syria and Nigeria because of ongoing problems there. A company with a global presence like Shell is likely to continue to face geopolitical risk in 2012.
A look forward
In 2010, Shell put forth an operations plan to drive cash flow up 50%-80% by 2012. CEO Peter Voser ensures that the company is making progress toward that goal.
A part of that initiative comes from the production results of Shell's $30 billion investment in three projects, all of which should be monitored closely:
100,000 barrels per day expansion project in Athabasca oil sands, bringing total capacity to 255,000 bbls/day. 30% stake in Qatargas 4 LNG export facility. Pearl gas-to-liquids project in Qatar. It delivered first shipment in June and is meant to reach full production potential in 2012. It's expected to increase Shell's production by 8%.The company also launched 14 upstream projects between 2010 and the end of 2011, contributing to long-term growth potential .
The recent upheavals in oil and gas producing countries show the need to be in Russia, de Margerie said yesterday in a meeting with President Dmitry Medvedev, according to a Russian transcript. Russia has safer conditions for investment, he said.