Shell creates global deepwater unit

Royal Dutch/Shell companies are rolling their deepwater expertise into a single, global organization. The unit, known as Shell Deepwater Services (SDS) and based in Houston, will begin operations around July 1. The organization has been in formation during the past 5 months, said Mahdi Hasan and Richard A. Sears, Shell vice-presidents, who unveiled the plan at the Offshore Technology Conference in Houston earlier this month. Rationale SDS is an attempt to channel Shell's deepwater exploration and production expertise into all deepwater projects in which its affiliates are involved, while continuing to capitalize on local affiliates' country relationships, Sears sa...

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