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   Royal Dutch Shell plc

 

 

 

Mr. Brad Skinner
Senior Assistant Chief Accountant
Office of Natural Resources
Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549-4628
United States of America

 

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  
  

 

 

 

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