Shell continues to feel effects of U.S. drilling moratorium

10/28/2010 | FuelFix.com

The effects of the government's moratorium on deepwater drilling may be felt for two years, Royal Dutch Shell said. The temporary ban has cost the company $115 million since its rigs were idled, and the company expects 2011 daily production from the Gulf of Mexico to be 40,000 barrels less than previous estimates. "The moratorium and the delay to our drilling program is an opportunity lost," Shell CFO Simon Henry said.

View Full Article in:

FuelFix.com

Published in Brief: