BLOOMBERG: Shell, Mitsubishi Heavy to Study Raising Crude Oil Production: Tuesday 13 December 2005

Dec. 13 (Bloomberg) -- Royal Dutch Shell Plc, Europe's second-largest oil company, and Mitsubishi Heavy Industries Ltd. will study using the Japanese company's technology to raise production at aging oilfields in the Middle East.

Shell and Mitsubishi Heavy will conduct a feasibility study into using technology to reduce the viscosity of oil by mixing carbon dioxide into the liquid, Masaki Kimura, a deputy general manager at the Chemical Plant Department of Tokyo-based Mitsubishi Heavy, told reporters in Tokyo today.

To contact the reporter on this story:

Megumi Yamanaka in Tokyo at myamanaka@bloomberg.net.

Last Updated: December 13, 2005 02:44 EST 

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