Shell, Esso negotiating with TAQA for asset sale

March 14, 2008

Shell UK and Esso Exploration and Production UK have entered into negotiations with The Abu Dhabi National Energy Co. PJSC (TAQA) for the sale and transfer of its interests in the Tern, Eider, Cormorant North, South Cormorant fields, and related subsea satellite fields and infrastructure.

Offshore staff

LONDON -- Shell UK and Esso Exploration and Production UK have entered into negotiations with The Abu Dhabi National Energy Co. PJSC (TAQA) for the sale and transfer of its interests in the Tern, Eider, Cormorant North, South Cormorant fields, and related subsea satellite fields and infrastructure.

These assets were included in the divestment announcement on June 14, 2007.

03/14/2008