| Royal Dutch Shell plc | ||
|
Mr. Brad Skinner
October 25, 2018 |
Carel van Bylandtlaan 30 2596 HR The Hague The Netherlands Tel +31 70 377 3120 Email Martin.J.tenBrink@shell.com Internet http://www.shell.com |
| RE: | Royal Dutch Shell plc |
Form 20-F for the Fiscal Year Ended December 31, 2017
Filed March 15, 2018
File No. 001-32575
SEC letter September 20, 2018
Dear Mr. Skinner,
As discussed with Mr. Babits on October 22, 2018, please see additional reconciliations associated with the reduction of our proved undeveloped reserves in 2017 of 1158 million barrel of oil equivalent (mboe) and the maturation of our proved undeveloped reserves of 1566 mboe in 2017.
In Million Barrels of Oil equivalent
| Proved Undeveloped Reserves (PUDs) Opening Balance January 1, 2017 |
3334.1 | |||
| Maturation of PUDs included in the opening balance to proved developed reserves |
(1020.6 | ) | ||
| Divestment of PUDS contained in the opening balance |
(412.7 | ) | ||
| Revisions of PUDs in the opening balance |
(78.5 | ) | ||
| Extension and Discoveries PUDs |
252.8 | |||
| Improved Recovery PUDs |
101.1 | |||
|
|
|
|||
| Ending Balance |
2176.2 | |||
|
|
|
Maturation of PUDs in 2017 in Million Barrels of Oil equivalent
| PUDs associated with Gorgon, Kashagan, Lula |
392 | |||
| PUDs associated with Muskeg River Mine |
209 | |||
| PUDs associated with all other Fields |
419 | |||
| Subtotal -Maturation of PUDs included in Opening Balance January 1, 2017 |
1020 | |||
| Contingent Resources matured to Proved Developed |
546 | |||
|
|
|
|||
| Total |
1566 | |||
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Registered in England and Wales number 4366849
Registered office: Shell Centre London SE1 7NA
Registered with the Dutch Trade Register under number 34179503
Mr. Skinner
Securities and Exchange Commission
October 25, 2018
Page 2 of 2
In future filing of our Form 20-F, we undertake to discuss all material movements in our PUDs, including the total amount matured during the year. Also, to the extent material to an understanding of our maturation results, we will undertake to disclose additional information, including, when applicable, movements from contingent resources to proved developed reserves.
If you have any questions, please contact me at +31 70 377 3120 or Joseph Babits at +1 864 905 6276.
Sincerely,
| /s/ Martin J. ten Brink |
| Martin J. ten Brink |
| Executive Vice President Controller |
| Cc: | Mark Wojciechowski |
Division of Corporation Finance
Securities and Exchange Commission