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Shell seeks positives as Arctic tab nears $6B

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By Tim Bradner, Alaska Journal of Commerce: Published:
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Screen Shot 2013-01-11 at 20.09.51Shell’s investment in its Arctic Alaska offshore exploration is approaching $6 billion after eight years. For all that, the company has two test wells partly drilled in 2012, one in the Chukchi Sea and one in the Beaufort Sea. The decision not to proceed with 2014 drilling was a tough one for Shell, the company’s Alaska president, Pete Slaiby, said in a Jan. 30 interview. Shell doesn’t expect the cancellation will have any immediate effort on the company’s workforce in Anchorage. However, had the exploration gone ahead this summer it would have employed about 2,000 people in total…


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