| Shell Deer Park to construct ‘high rise’ building
The Aug. 2 ceremonial groundbreaking for Shell Deer Park's six-story administration building will mark the beginning of a construction project that will result in Deer Park's tallest office structure. The site is west of Center Street adjacent to the Highway 225 west feeder road.
Completion of the 170,000 square foot building is scheduled for fourth quarter 2007. The building will provide offices, workstations, meeting rooms, and filing and storage areas for approximately 700 Shell employees. The project includes open vehicle parking next to the building.
"Our vision is to bring together refinery and chemical plant people in more productive, efficient work group settings, such as health, safety, environment and various technical functions," said Tim Hake, refinery general manager.
Mary Mujica, chemical general manager, pointed out that other Shell manufacturing sites across the U.S. also are involved in projects to consolidate employees currently assigned to different offices within a refinery or chemical plant. "There are many advantages - like sharing expertise and experience -- to having people in similar functions under one roof," she said.
The administration building is the centerpiece of a larger Shell Deer Park undertaking known as Facility Siting that will extend into 2008. Other components involve construction or renovation of facilities for information technology, maintenance, control rooms and a laboratory. Besides work group consolidation, the project has the added benefit of relocating employees a safer distance from operations. Demolition of several buildings will occur when the transition to new facilities is completed.
David Kirchman, location representative for Chemicals, said there are occupied buildings at Shell Deer Park that date to the 1940s. "This is a transformational project that impacts the entire site," he said. "The project will prepare our Deer Park building facilities for the future."
Jacobs Engineering Group Inc. is coordinating the Facility Siting project. Jacobs Group Vice President Warren Dean stated, "We are proud to assist Shell with the realignment of personnel at Deer Park to create a great work environment. Jacobs has worked with Shell for several years and looks forward to another successful program."
Shell Deer Park is a fully integrated refinery and petrochemical facility situated on 1,500 acres along the Houston Ship Channel. For more information, go to: www.shell.com/us/deerpark
SHELL DEER PARK ADMINISTRATION BUILDING FACT SHEET
Groundbreaking in July 2006
Ceremonial groundbreaking on Aug. 2, 2006
Building completion in fourth quarter 2007
Six floors, 170,000 square feet
Office space for approximately 700 people
Parking for 550 vehicles (administration building and other new facilities)
50,000 square feet of drywall
7,000 square feet of ceramic tile
160,000 square feet of carpet
1,400 square feet of marker boards in office and meeting rooms
24,000 square feet of windows
Horizontal exterior "fins" over the south side windows will save more than $400,000 in energy costs over the life of the building
Adjacent building will have a changing room so employees can change into proper attire for accessing operating areas
Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America's leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell Group, a global group of energy and petrochemical companies, employing approximately 109,000 people and operating in more than 140 countries and territories.
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.
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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.
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