BAKU, Azerbaijan, Oct.1
By Leman Zeynalova – Trend:
Production of Royal Dutch Shell in the Upstream is expected to be between 2,150 and 2,250 thousand barrels of oil equivalent per day, which includes a production impact of 60 to 70 thousand barrels of oil equivalent per day from hurricanes in the US Gulf of Mexico, Trend reports citing the company.
“Realised liquids prices in the first two months of this quarter reflected a 15 to 20 percent discount to Brent, similar to the discount in the second quarter 2020. Realized gas prices are trending in line with Henry Hub,” Shell said in a report.
Depreciation is expected to be at a similar level as in the second quarter 2020, according to the company.
Similar to the second quarter 2020, while Adjusted Earnings are expected to show a loss, reads the report.
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.
It is a global group of energy and petrochemical companies.
Its operations are divided into four businesses: Upstream, Integrated Gas and New Energies, Downstream.
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