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Gold/Mining/Energy : Gasification Technologies

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To: Dennis Roth who wrote (495)	7/28/2006 1:33:16 AM
From: upanddown	Read Replies (1) of 1740

The project, known as Pearl GTL, will cost $4 to $6 per barrel of oil equivalent to produce, The Hague-based Shell said today in a statement. The venture is expected to produce the equivalent of 3 billion barrels of oil during its lifetime, the company said in a separate statement. Dennis, this statement from Shell is really confusing. $4 to $6 per barrel of oil equivalent to produce? Does that include amortizing a possible $18B cost? Why are they talking about oil equivalent when they would be producing ultra-clean diesel which sells for a considerable premium to crude oil? The projected cost inflation here is astounding. Sasol builds Oryx (34,000 BD) for a billion and Shell might need $18B (18X Oryx) to build two 70,000 BD plants (4X Oryx)? What could possibly create that much price inflation? John

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