Royal Dutch Shell plc: Gazprom and Shell Agree to Pursue Broader Cooperation

November 30, 2010

MOSCOW, November 30, 2010 /PRNewswire-FirstCall/ — Alexey Miller,
Chairman of the Gazprom Management Committee, and Peter Voser, Chief
Executive Officer of Royal Dutch Shell plc (NYSE: RDS.A; NYSE: RDS.B), signed
a protocol on strategic global cooperation. This agreement establishes basic
guidelines for the companies’ broader collaboration.

    Amongst the opportunities the companies will consider are:

    - Further development of bilateral cooperation in exploration
      and production of hydrocarbons in western Siberia and the far east of

    - Cooperation in the downstream oil products business in
      Russia and Europe, as well as Gazprom participation in Shell
      upstream projects outside of Russia.

“This agreement is a vivid example of the mutually beneficial development
of strategic partnership between the world’s largest energy companies. Ahead
of us, we have new large-scale projects and growing joint presence in new
markets”, said Alexey Miller.

“This underscores the strong partnership our companies have built in
recent years,” said Mr. Voser. “Russia is an important area for new energy
development for Shell and I expect it will play a big role in meeting the
world’s growing demand for oil and gas in the years ahead.”

Shell and Gazprom will set up joint working groups to further develop
these opportunities.

Notes to Editors

Shell and Gazprom have been partners since 2007 in the Sakhalin II
project, which constructed Russia’s first liquefied natural gas plant. Shell
and Gazprom Neft are jointly developing a group of Salym oil fields in
western Siberia.

Royal Dutch Shell plc

Royal Dutch Shell plc is incorporated in England and Wales, has its
headquarters in The Hague and is listed on the London, Amsterdam, and New
stock exchanges. Shell companies have operations in more than 90
countries and territories with businesses including oil and gas exploration
and production; production and marketing of liquefied natural gas and gas to
liquids; manufacturing, marketing and shipping of oil products and chemicals
and renewable energy projects. For further information, visit www.shell.com

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Dutch Shell
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SOURCE Royal Dutch Shell plc

Source: newswire

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