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Shell Aviation & SFO Fuel Co. Agreement Doubles Airport Fuel Supply

Posted on: Monday, 26 February 2007, 12:00 CST

HOUSTON, Feb. 26 /PRNewswire/ -- Today, Shell Aviation*, global suppliers of aviation fuels, lubricants and services, and SFO Fuel Company LLC, a consortium of 42 major airlines serving San Francisco International Airport, announced the signing of a long-term storage contract. To fulfill the agreement, Shell Aviation has converted a nearby former gasoline storage facility in South San Francisco that will virtually double SFO's access to jet fuel and provide the consortium with an additional five days of secure fuel supply.

This project was developed in partnership between Shell Aviation and SFO Fuel to address the consortium's unique requirements. Prior to the conversion of the Shell Aviation fuel terminal, SFO had only 260,000 barrels of storage capacity at the airport and one supply pipeline, which made it vulnerable to supply disruptions. Shell Aviation will now provide an additional 230,000 barrels of storage capacity half a mile from the airport. This cost-effective deal means that SFO does not have to invest the substantial additional equity that would have been required to expand their facility on the San Francisco Bay.

Bob Sturtz of United Airlines and chair of SFO Fuel, stated, "Shell Aviation has a long history as a reliable and valued fuel supplier at San Francisco International Airport. Their innovative solution to our fuel needs builds on their prior experience with similar Shell Aviation projects at other major US airports. We look forward to their continued business growth with focus on supply security and infrastructure projects that support our industry."

Shell Aviation has been involved in several other projects in recent years that have delivered benefits from improved logistics and security of supply through projects up to and including airport-wide fueling solutions, including at Chicago O'Hare, Detroit Metropolitan Wayne County and Milwaukee Mitchell Field Airports. Shell Aviation continues to be committed to generating innovative infrastructure solutions in partnership with our airline customers and is currently at various stages of evaluation of projects at several other major airports in the US.

* The expression Shell Aviation refers to the companies of the Royal Dutch/Shell Group which are engaged in the aviation business. Each of the companies which make up the Royal Dutch/Shell Group of companies is an independent entity and has its own identity. Shell Aviation has been providing high quality fueling and aviation services to the international market for many years, refueling approximately 20,000 aircraft per day at more than 800 airports outside the United States. In the U.S., the Shell Aviation business is part of Shell Oil Products US, a subsidiary of Shell Oil Company. Shell Oil Products US is a leader in the refining, transportation and marketing of fuels, and has a network of nearly 7,500 branded gasoline stations in the Western United States. Shell Oil Company is an affiliate of the Royal Dutch/Shell Group of Companies . For more information, please visit http://www.shell.com/

Disclaimer statement:

This announcement contains forward-looking statements, that are subject to risk factors associated with the oil, gas, power, chemicals and renewables business. It is believed that the expectations reflected in these statements are reasonable, but may be affected by a variety of variables which could cause actual results, trends or reserves replacement to differ materially, including, but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, risks associated with the identification of suitable potential acquisition properties and targets and the successful negotiation and consummation of transactions, the risk of doing business in developing countries, legislative, fiscal and regulatory developments including potential litigation and regulatory effects arising from recategorisation of reserves, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

Please refer to the Annual Report on Form 20-F for the year ended December 31, 2005 (as amended) for a description of certain important factors, risks and uncertainties that may affect the Shell Group's businesses. Neither Royal Dutch Shell plc nor any member of the Shell Group undertakes any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or other information.

Cautionary Note to US Investors:

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, such as "expected producible resources" and "amount of reserves we expect to produce", that the SEC's guidelines strictly prohibit us from including in filings with the SEC.

Shell Oil Products US

CONTACT: Shell Media Line of Shell Oil Products US, +1-713-241-4544

Web site: http://www.shellus.com/

Source: PRNewswire

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