Baku, Azerbaijan, Oct.1
By Leman Zeynalova – Trend:
Production in Upstream by Royal Dutch Shell is expected to be between 2,600 and 2,650 thousand barrels of oil equivalent per day in the third quarter of 2019, Trend reports citing the company.
During the third quarter there have been additional well write-offs in the range of $250-$350 million compared to Q3 2018, for which no cash impact is expected, according to Shell.
As for the Downstream, the company’s refinery availability is expected to be between 90 percent and 92 percent.
“Oil products sales volumes are expected to be between 6,700 and 7,350 thousand barrels per day. Chemicals manufacturing plant availability is expected to be between 90 percent and 92 percent,” said the company.
Chemicals sales volumes by Shell are expected to be between 3,900 and 4,000 thousand tonnes.
“We expect chemicals cracker and intermediate margins to be materially unchanged from Q2 2019,” said the company.
Shell is an international energy company that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.
Shell is a global group of energy and petrochemical companies.
Its operations are divided into our businesses: Upstream, Integrated Gas and New Energies, Downstream.
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