Royal Dutch Shell set out ambitions



Shell

Shell

Royal Dutch Shall have revealed “ambitious” production targets as they get set to invest more money to deal with the ever increasing demand for their oil and gas.

The company, the second largest of their kind, said they would invest $100billion over the next four years and had set themselves a target of producing 3.7million barrels of oil and gas a day by 2014.

This increase, 12% more than they currently produce will help deal with an increase in demand from around the world .

The companies chief executive Peter Voser said, “We have made good progress in 2010. Our profitability is improving and we are on track for our growth targets. There is more to come from Shell.”

Voser also added that the companies three old refineries in Japan were not damaged by the earthquake, and were continuing to operate as usual.

He added that the company were sending extra supplies of gas to help make up the energy shortfall from the damaged nuclear plant.

Leave your comment

  • (not published)