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US To Approve Shell’s Alaska Oil Spill Response Plan – Interior Secretary

Published March 28, 2012 Dow Jones Newswires

WASHINGTON –  Interior Secretary Ken Salazar said Wednesday the department would approve Royal Dutch Shell’s (RDSA, RDSA.LN) oil-spill response plan for exploratory oil wells in the Beaufort Sea this summer, a move the company called “another major milestone” toward drilling there this summer.

Salazar, speaking at a press conference about Atlantic Ocean energy development, said the approval would come later Wednesday as part of the Obama administration’s effort to support oil and gas development as well as renewable energy.

A Shell spokeswoman said the approval “is another major milestone achieved,” but the company still needs several more permits before beginning to drill in July.

The Interior Department also said it plans to finalize an environmental review of seismic testing in the Atlantic Ocean by the end of this year, paving the way for its approval in 2013. The testing would evaluate the potential for oil, natural gas and renewable energy development off the Atlantic Coast.

The department asked for public comment on a draft of the environmental review on Wednesday.

Copyright © 2012 Dow Jones Newswires

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