Financial Times FT.com

Shell outlines strategy to restore its reputation

By James Boxell in London and Ian Bickerton in Amsterdam

Published: January 18 2005 22:02 | Last updated: January 18 2005 22:02

Royal Dutch/Shell is to introduce strict guidelines to boost accountability in its core exploration and production business, which was at the centre of a reserves overbooking scandal last year.

The new single lines of accountability within the division are part of a wider plan to lift the company's flagging production and restore its proved oil and gas reserves, which includes the recruitment of more than 1,000 engineers this year.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this