No Shell Arctic Oil Until 2030’s

No Shell Arctic Oil Until 2030’s

May 26th, 2015 

by John Donovan. 

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By: MICHEAL KAUFMAN: Published: May 26, 2015 

Royal Dutch Shell Plc’s (ADR) (NYSE:RDS.A) head of oil and gas production in Americas, Marvin Odum has told the Financial Times (FT) in an interview that the company’s Arctic drilling operations would take at least a decade to extract oil reserves, which would then be sent to production.

The leading executives dealing with this particular exploration project stated that there are enormous difficulties that the company is facing during the process of securing environmental approvals. Amid strong opposition from environmental groups, to obtain the needed approvals is taking longer than the expected time.

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Posted in: Alaska, Arctic, Ben van Beurden, Bidness Etc, BP, Chukchi Sea, Climate Change, Environment, Fracking, Greenpeace, Gulf of Mexico, Litigation, Oil, Oil Spill,Pollution, Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell, United States.
Tagged: Alaska · Arctic Ocean · Ben van Beurden · BP · Chukchi Sea · Environment · Gulf of Mexico · Oil · Royal Dutch Shell Plc · Shell

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