BAKU, Azerbaijan, Jan. 30
By Leman Zeynalova - Trend:
Integrated Gas production by Royal Dutch Shell is expected to be 950 - 980 thousand boe/d, while liquefied natural gas (LNG) liquefaction volumes are expected to be 9.0 - 9.5 million tonnes in the first quarter (Q1) of 2020, Trend reports citing Shell.
The company said in its recently released report that upstream production is expected to be 2,625 - 2,775 thousand boe/d during the reporting period.
“Refinery availability is expected to be 90-94 percent. Oil Products sales volumes are expected to be 6,400 - 7,000 thousand b/d. Chemicals manufacturing plant availability is expected to be 91-95 percent,” reads the report.
The company’s corporate segment earnings excluding identified items are expected to be a net charge of $800 - 875 million in the first quarter 2020 and a net charge of $3,200 – 3,500 million for the full year 2020. This excludes the impact of currency exchange rate effects.
“As of the first quarter 2020, the Egypt offshore assets will be transferred from the Upstream segment to the Integrated Gas segment, and Oil Sands will be transferred from the Upstream segment to the Refining and Trading sub-segment. The outlook numbers incorporate these changes,” said the company.
Shell expects that cash capital expenditure for 2020 is expected to be at the lower end of the $24 - 29 billion range.
Divestments are expected to amount to more than $10 billion over the 2019 - 2020 period, 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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