Knowledge transfer from commercial scale projects: Quest

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Knowledge transfer from commercial scale projects: Quest Dr Owain Tucker Global Deployment Lead for CO 2 storage Copyright of Shell International Global Solutions B.V. International November 2016 1

Definitions & cautionary note The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate legal entities. In this presentation Shell, Shell group and Royal Dutch Shell are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words we, us and our are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. Subsidiaries, Shell subsidiaries and Shell companies as used in this presentation refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Entities and unincorporated arrangements over which Shell has joint control are generally referred to as joint ventures and joint operations respectively. Entities over which Shell has significant influence but neither control nor joint control are referred to as associates. The term Shell interest is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest. This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as anticipate, believe, could, estimate, expect, goals, intend, may, objectives, outlook, plan, probably, project, risks, schedule, seek, should, target, will and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this presentation, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell s Form 20-F for the year ended December 31, 2017 (available at www.shell.com/investor and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this presentation and should be considered by the reader. Each forward-looking statement speaks only as of the date of this presentation, 28 November 2018. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this presentation. We may have used certain terms, such as resources, in this presentation that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov. You can also obtain this form from the SEC by calling 1-800-SEC-0330. March 10, 2017 2

Global Shell involvement in CCS projects Northern Lights Industrial scale projects in operation Planned industrial scale project - FEED completed Involvement through Shell Cansolv technology no Shell equity CCS project under construction/planning Quest TCM Peterhead (cancelled) Gorgon Boundary Dam October 2016 3

Quest: Industrial CCS on Hydrogen Fully integrated, commercial scale CCS project at an industrial facility: Capture at Scotford Upgrader in Alberta, Canada Transportation by 65 km 12 pipeline Storage in a deep saline aquifer at a depth of 2 km Shell operated joint venture between Canadian Natural Upgrading, Chevron and Shell Impact:1 million tonnes of CO 2 a year for 25 years 1 Τ3 rd of CO 2 from the Upgrader equivalent to the emissions of about 250,000 cars Community Advisory Panel - MMV 4

Quest Performance Capture: 1.2 Mtpa 1.0 Mtpa Almost 3.5 million tonnes injected in 3 years of operation Capture rates exceeding expectations Operating costs lower than expected Excellent amine/teg recycle rates Storage: Excellent injectivity reservoir acting better than expected Multiple monitoring technologies indicate that the CO 2 is where it is supposed to be 5

Monitoring is confirming storage 2016 2017 Baseline VSP acquired in Q1-2015 1st monitor VSP recorded in Q1-2016 2nd monitor VSP recorded in Q1-2017 6

Knowledge Sharing through engagement and collaboration Annual Reporting Alberta Federal Conferences O&G CCUS International Climate (COP) Bi/Tri Laterals Canada/USA/Mexico Norway UK China Joint Research US DOE for MMV Tours Project developers Ministers Research institutes EII Organisations GCCSI ZEP GHGT 31 October 2018 7

Knowledge sharing http://www.energy.alberta.ca/au/ccs/knowledgesp/pages/default.aspx October 2018 8

Peterhead CCS Project Knowledge Sharing Project FEED phase data shared as part of the UK CCS Program Lessons learned report Stakeholder and community engagement plans Risk allocation.. 31 October 2018 9

Knowledge Sharing Focus: Stakeholders The need to listen Perceived risk can be as real and important as actual risk Hear concerns and accept them as legitimate Be open to changing the plan to accommodate community feedback Meet stakeholders on their terms and where they are comfortable Don t expect them to come to you and then be surprised when they later raise objections Community Advisory Panel - MMV Develop consistency and deep relationships They may mistrust the organization, but they will trust people They want to get to know the leaders and the experts not just community relations team October 2018 11

QUEST SAFELY REMOVES 1.2M TONNES PER YEAR OF CO2 THAT S EQUIVALENT TO The emissions from about 250,000 VEHICLES Quest CCS Project - 2017 Annual ADOE Summary Report 12

Quest Industrial CCS Overview Over one million tonnes CO 2 per year capacity CO 2 capture from 3 hydrogen manufacturing units using ADIP X CO 2 transported by 12 pipeline to storage Permanent storage 2 km underground in the Basal Cambrian Sands June 2017 13