Shell has major hurdles to clear before Chukchi drilling resumes
Yereth Rosen Alaska Dispatch News: April 4, 2015
Shell has major hurdles to clear before Chukchi drilling resumes
Now that the Department of the Interior has, for the second time, affirmed the record-breaking Chukchi Sea lease sale it held seven years ago, is it smooth sailing for Royal Dutch Shell and its plans to drill this year on leases purchased in the sale?
Not so fast.
Shell, which spent over $2 billion on Chukchi leases, has already spent about $6 billion in total on its Alaska program and has ambitions for transforming the remote and undeveloped waters off Northwest Alaska into a major oil-producing region, still must clear several hurdles before it is given permission to sink a drill bit into hydrocarbons lying beneath the seafloor.
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