Reuters AlertNet Lite - Shell sees Sakhalin-2 short-term reserves impact

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Shell sees Sakhalin-2 short-term reserves impact

21 Dec 2006 19:31:59 GMT
Source: Reuters

MOSCOW, Dec 21 (Reuters) - Royal Dutch Shell <RDSa.L> chief executive Jeroen Van der Veer said on Thursday that the sale of half the firm's interest in Russia's Sakhalin-2 project to Russia's Gazprom <GAZP.MM> would have an impact on reserves.

"Of course there's a short term impact on the reserves, the reserve bookings themselves, but when I look at the future of the company, we have really good opportunities," Van der Veer told Reuters after sealing the deal in Moscow.

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Last updated:Thu Dec 21 19:34:13 2006