DEVEX 2012

Shell U.K. Limited

Fram Field Development Plan

UK Central North Sea
Presenter:
David Jones Fram Subsurface Team Lead, Shell U.K. Limited
Contributors Shell U.K. Limited: Samantha Large, Ahmed Helmi, Alan McQueen, Mensur Hodzic, Robert Cullen, Fola Sanwoolu, David Clutterbuck, Barry Meldrum, Bill Gray, Mark Robinson, Rob Jansen

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Definitions and Cautionary Note

Reserves: Our use of the term reserves in this presentation means SEC proved oil and gas reserves and SEC proven mining reserves. Resources: Our use of the term resources in this presentation includes quantities of oil and gas not yet classified as SEC proved o il and gas reserves or SEC proven mining reserves. Resources are consistent with the Society of Petroleum Engineers 2P and 2C definitions and includes Oil Sands. Organic: Our use of the term Organic includes SEC proved oil and gas reserves and SEC proven mining reserves excluding changes resulting from acquisitions, divestments and year-end pricing impact. Identified Items: This presentation refers to Identified Items which have been excluded from CCS earnings and EPS calculations. Please see page 4 of the Quarterly Results Announcement for a listing of those items. To facilitate a better understanding of underlying business performance, the financial results are also presented on an estimated current cost of supplies (CCS) basis as applied for the Oil Products and Chemicals segment earnings. Earnings on an estimated current cost of supplies basis provides useful information concerning the effect of changes in the cost of supplies on Royal Dutch Shells results of operations and is a measure to manage the performance of the Oil Products and Chemicals segments but is not a measure of financial performance under IFRS. This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell plc. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on managements current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell plc to market risks and statements expressing managements expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as anticipate, believe, could, estimate, expect, intend, may, plan, objectives, outlook, probably, project, will, seek, target, risks, goals, should and similar terms and phrases. Also included as forward-looking statements in this presentation is our disclosure of reserves, proved oil and gas reserves, proven mining reserves, resources, and all future estimates of refining capacity, oil and gas production, capital investment and expenditure, cash from operations, dividends, share buybacks and investments. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for the Groups products; (c) currency fluctuations; (d) drilling and production results; (e) reserve estimates; (f) l oss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from re-categorisation of reserves; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional factors that may affect future results are contained in Royal Dutch Shells 20-F for the year ended December 31, 2008 (available at www.shell.com/investor and www.sec.gov). These factors also should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation. Neither Royal Dutch Shell nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation. There can be no assurance that dividend payments will match or exceed those set out in this presentation in the future, or that they will be made at all. The term Shell interestis used for convenience to indicate the direct and/or indirect (for example, through our 34% shareho lding in Woodside Petroleum Ltd.) ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. The United States Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation that SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain these forms from the SEC by calling 1-800-SEC-0330. Copyright of Shell UK Limited

Overview
Fram location and overview Exploration and appraisal history Key subsurface uncertainties

Subsurface development concept

Well and completion design Surface development concept Project schedule

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Fram Field Location - UK Central North Sea

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Regional Geology - Structural and Depositional Setting

Palaeocene Forties Sandstone Member Basin-floor distal turbidite deposits Sheet-like sands deposited in lobe sequences SW margin of main NW-SE Forties fan Distal and marginal location Further down depositional dip than analogues

Fram

Base Cretaceous unconformity surface from 3D seismic data

UK Central North Sea - Quad 29 Southwest part of Central Graben Northeast of Curlew Horst and west of Puffin Horst Penetrative salt diapir structure (Zechstein salt) Salt diapir above Late Jurassic footwall high Deep structure controlled by Mesozoic rifting
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Palaeocene isochron thickness map (Top Sele Top Chalk)

Regional Geology - Stratigraphic Summary

Fram

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Fram Discovery Overview

Field Summary
UK Central North Sea
29/3c 29/4c

Oil rim with primary gas cap

HCIIP 390 MMboe (approx.) P.012 Licence (Shell 28% Esso 72%) P.1664 Licence (Shell 50% Esso 50%)

29/9c

Palaeocene Forties Sandstone reservoir

Porosity 18-28%, Perm 0.1-100mD Discovered in 1969 by 29/3-1 well Appraised in 1999 with 29/3a-6 well

29/8a

Appraised in 2009 with 29/3c-8, 8z wells

Top Forties depth map 2010 (PSDMcorr)

300 ft TVD thick oil rim (approx.) >1500 ft TVD gas column (approx.)

Fram Salt Diapir - 2007 PSDM Near-Stack Reflectivity Data

West
1700
29/8a-4 29/3-1 29/9c-7

East

Salt diapir

TWT (ms)
Top Forties time horizon

2664

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Forties Reservoir Geology - Facies Scheme Summary

Well 29/3c-8 Facies Amalgamated Sands (A)
Thick amalgamated sands 3 15 ft thick

Facies A

Top Forties

Saturations

Kv / Kh

Fan A Grootkloof, Karoo, South Africa

Facies HM

Heterolithic Medium (HM)

Grain size, sorting

T75MFS

Permeability

~ 1 m

Thin Bedded sheet sands and siltstones (heterolithics) (HM)

Fan 3, Karoo, South Africa <1ft thick sands interbedded with shales

Facies HT

T70MFS

Heterolithic Thin (HT)

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Ross Formation, County Clare, Ireland

Forties Reservoir Thinning - Forties Isochore Thickness Map

Thick and high N/G Forties to NW 29/3b

Lista high

Thinning of Forties and N/G reduction to SE

Salt

29/3c 29/8a

29/4c 29/9c

29/8a-4 side lobe

Thin and low N/G Forties to SW of salt diapir

Forties fan margin

Oil Rim Characterisation - 29/3c-8,8z Appraisal Wells 2009

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Key Subsurface Field Development Uncertainties

Reservoir properties

Thickness of T75 reservoir zone relative to fluid contacts. N/G variation and rate of reduction towards Forties pinch-out. Facies distribution and proportions in southern area of field. Permeability of reservoir sands (for well kh/PI).

Reservoir architecture

Stratigraphic connectivity (lateral extent of sands and shales). Structural connectivity (influence of faults on fluid flow/pressure depletion).

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Fram Proposed Development Well Locations

Block 29/3c P2z G2

P2

DCW
P4 P1z

Block 29/4c PWRI

P1

DCE
G3 G4

P3

P5 Block 29/9c

GOC

FWL Block 29/8a

Fram Proposed Development Well Locations (3D view)

DCW

DCE

P2z G2 P2 pilot P4 P1z G3 P1 pilot G4 P3 PWRI

P5

Development Well Planning/Placement - Horizontal Wells

29/3c-8 29/3c-8 29/3c-8z 29/3c-8z

GOC

P1_hor_oil_producer
T75MFS Top Lista Top Lista T75MFS

GOC

Well designed to cross cut stratigraphy from Top Forties to T75MFS

P1_hor_oil_producer

Well targeting both lower and upper amalgamated sands

Top Sele

Top Forties

Top Sele

Top Forties

Facies model in Petrel (base case)

PROMISE seismic inversion P50 Vsh volume in Petrel

Horizontal oil and gas producers - well design considerations and objectives

Pilot holes to constrain depth uncertainty and determine depth of OWC for horizontal well placement.

Cross-cut reservoir layers in T75 reservoir zone to maximise stratigraphic connectivity.

Wells to target upper and lower Amalgamated Sand (A) packages based on Vsh seismic inversion volumes. 4000ft AH well lengths to optimise well spacing/drainage and kh (due to layered reservoir and low perm).
Copyright of Shell UK Limited Optimise stand-off from GOC and OWC to mitigate early gas and/or water breakthrough to wells.

Fram Well Concept Design - 4000 ft AH Horizontal Wells

Well Concept Design Summary
Conventional CNS 5 string casing design 13 5/8 intermediate casing shoe at 7000ft MD Batch drilling of top hole and intermediate sections Water based mud system to be used in 17 hole 9 5/8 production casing set in Forties reservoir 4,000 ft AH Forties reservoir sections in 8 hole Ocean Guardian semi-sub drilling rig Expected drilling start date July 2012 Wells to be cleaned-up to rig prior to suspension

Ocean Guardian drilling rig

Fram Well Completion Design

Proposed Completion
Field: FRAM Block: Well No.: P1 z Platform: N/A
MD, ft 406 TVD, ft 406 Dev, o 0.0 Schematic

Well Type: Oil Producer First Completed: New Drill Workover Date: Annulus Fluid: Fluid Weight, pptf:
min ID" 4.75/1.875 max OD" 18.600 Drift" Length

Rig: Ocean Guardian DFE: 85 Water Depth: 321 Max dev: 90 Max dogleg:
Description 18 3/4 Wellhead Housing Vetco 5" x 2" Dual Tubing Hanger ( w ell head datum) Top 35" Conductor Housing Seabed 1.781" RN Nipple Profile Halliburton 2 3/8" WEG ( restricted ID) 13CR

Well Completion Concept

ft ahbdf ft ahbdf
Other Information

Wire wrapped screens with swellable packers. 5 13Cr sand screens with 316L wrap material and 200 micron slot size. Swellable packers for water/gas shut-off capability. Resman chemical tracers (oil and water sensitive). Dual Permanent downhole pressure gauges (PDHG). Gas lift completion for oil wells. Through tubing access to reservoir for interventions (e.g PLTs). Gas well completion as per oil well completion (without gas lift or chemical tracers and single PDHG).

1.640 1.700

2.726 2.628

4.892

6.033

4.767

5 1/2" 17# Vam Top HT 13CR L80 Tubing

2000

2000

0.0

4.625

8.220

SCSSV

2050

2050

0.0

10 3/4" x 9 5/8" Casing Crossover

TBA

#VALUE!

#N/A

4.597

7.069

SPM

3000 TBA

3000 #VALUE!

0.0 #N/A

4.597

7.069

20" Casing shoe SPM

TBA

#VALUE!

#N/A

4.597

7.069

SPM

7350 9380

6790 8426

30.4 48.7 4.597 7.069

13 5/8" Casing Shoe Dow nhole Dual Gauge Mandrel. Tubing & Annulus Min distance betw een gauges is 300ft TVD

9880

8726

57.7

4.597

7.069

Dow nhole Pressure and Temperature Gauge

9940

8757

58.8

4.562

6.860

4.767

SSD

10000

8788

60.0

4.875

8.310

4.767

Hydrostatic Packer

10100 10102 10242 10262 10312

8837 8838 8900 8909 8930

61.9 61.9 64.6 65.0 65.9

4.892 6.000 4.780

6.000 7.699 5.940

4.767 6.000 4.653

Liner Hanger Packer (ZXP/Quantum/SC2R) 7", 32#, 13CR, Vam Top HT, ALT. 6" Drift Mule shoe 7" x 5.5" X Over 5 1/2" 17# Vam Top HT 13CR L80 Tubing 1 joint

4.562 10928 9120 78.8

8.015

4.562

Fluid Loss Device (FIV/FS2) 9 5/8" Casing Shoe

4.892 4.892

8.100 6.190

4.767 4.767

Sw ellable Packers 5 1/2" 17lbs 13Cr L80 Wire Wrap Screens 200 Microns

15408

9150

90.0

Bull Nose Float Shoe

Prepared by:

Barry Meldrum

Checked by:

Rev No.:

Date:

02-May-2012

Resman chemical tracers

Wire wrapped sand screens

Fram Field Development Plan - Subsea layout

Subsea Design Summary 8 x subsea production trees 5 oil and 3 gas. 4.4 km integrated flowline bundle. 2 x towhead production manifolds. Flexible risers from bundle midline structures to FPSO. 1 x subsea produced water re-injection (PWRI) tree. 2 km umbilical from PWRI tree to DCE towhead manifold. 3 km flexible flowline connecting the PWRI tree to the FPSO 18 km14 carbon steel gas export pipeline. Tie-in point to 20 export line at Curlew Deep Gas Diverter. Pipeline end manifold (PLEM) at the Deep Gas Diverter.

Proposed subsea layout and pipeline routes

Schematic of a towhead production manifold

Subsea tree coccoon structure

Subsea tree spacing around towhead manifold

Fram Field Development Plan - FPSO and Subsea Facilities

Fram Field Production Forecasts (base case)

14000 Oil rate bopd 12000

10000

Oil bopd

8000

6000

4000

2000

Oil production profile 5 oil production wells + 3 gas wells Oil rate includes crude + condensate Peak oil rates approx. 18 kbopd (monthly average) Oil rate decline driven by GOR development and water cut (gas cap expansion drive)
Year

140 Gas rate MMscf/d 120

100

80

60

40

Gas production profile 5 oil production wells + 3 gas wells Gas rate includes free + solution gas Peak gas rates approx. 183 MMscf/d (monthly average)

Gas MMscf/d

20

Year

Fram FPSO Development Project Schedule (Level 0)

2011
DECC

2012

2013
P1664 Commitment 12/02/13

2014
P.012 License Expiry 17/12/14

FEED SELECT

FEED DESIGN PROCUREMENT

FPSO hook-up Onstream

FPSO

HULL TOPSIDES

FID

INTEGRATION & COMM. SAIL HU & C RISER INSTALLATION

Subsea installation
FEED PIPELINE - DESIGN, PROCURE & FABRICATE

First Oil

SUBSEA

PIPELINE INSTALL BUNDLE - DESIGN, PROCURE & FABRICATE

Development drilling start

BUNDLE INSTALL INTEGRATION & COMM.

WELLS

P1664

DCE

DCW