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Shell to produce Arctic oil and gas from 2025: CEO

In one of his last interviews as CEO of the Anglo-Dutch oil and gas giant, Voser said, “The Arctic is rich in oil and gas and the region will be developed. “Shell is making preparations to potentially start exploratory drilling in 2014 or 2015, but this has not yet been decided,” Voser said. “If we make a discovery, I would envisage possible production during the second half of the next decade.”

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THE HAGUE, Dec. 11 (Xinhua) — Shell could produce oil and gas from the Arctic from 2025, Peter Voser stated on Wednesday.

In one of his last interviews as CEO of the Anglo-Dutch oil and gas giant, Voser said, “The Arctic is rich in oil and gas and the region will be developed.

“Shell has significant acreage in Alaska and is equipped to develop the resources there in a sustainable manner,” he said.

After a number of setbacks and incidents during exploration drilling activities in the Arctic in 2012, Shell announced a pause for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage.

“Shell is making preparations to potentially start exploratory drilling in 2014 or 2015, but this has not yet been decided,” Voser said. “If we make a discovery, I would envisage possible production during the second half of the next decade.”

Voser will leave Shell in March next year, marking the end of 29 years with the company. He will be succeeded by Ben van Beurden on January 1, 2014.

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