Financial Times FT.com

Shell says it has 55 years of reserves

By Sheila McNulty in Houston

Published: April 20 2008 22:34 | Last updated: April 20 2008 22:34

Royal Dutch Shell has sought to calm concerns about diminishing oil reserves and access to new supplies, arguing that its existing resource base will provide 55 years of production at current production levels.

“We still have a lot of legacy [positions] from the past,’’ said Jeroen van der Veer, Shell’s chief executive, in an interview with the Financial Times.

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