VOL. XLVII

No 04

26-January-2004

SUPPLY/DEMAND

Shell Reserves Reclassification Severely Dents Upstream Profile, Says ABN AMRO

Shells upstream profile will be severely dented following its decision to recategorize some of its oil and gas reserves, according to ABN AMRO. In the Repositioned Upstream report published on 13 January, ABN AMRO analysts Peter Nicol, John Hancock, Chris Grudniewicz and David Martin write that the recategorization increases Shells historical finding and development...