8/29/2014

Shell Submits a Plan for New Exploration of Alaskan Arctic Oil


Royal Dutch Shell submitted a plan to the federal government on Thursday to try once again to explore for oil in the Alaskan Arctic, following years of legal and logistical setbacks as well as dogged opposition from environmentalists.

While the plan is just a first step in the process, it reflects the energy potential in the Arctic. Shell’s proposed programs consist of two drilling rigs working simultaneously in the Chukchi Sea, which could produce more than 400,000 barrels of oil a day.

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