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September 25th, 2020:

Shell Plans to Divest Oil Drilling Rights off North Alaska Coast

Shell Plans to Divest Oil Drilling Rights off North Alaska Coast

Sept. 24, 2020, 10:40 PM Jennifer A. Dlouhy: Bloomberg News

Shell Oil is planning to divest — not drill — an oil prospect in shallow state waters off Alaska’s northern coast, despite a recent filing with regulators, spokesman Curtis Smith said.

Shell Offshore Inc. had asked state regulators to combine 18 shallow-water leases and create the West Harrison Bay Unit “in order to pursue a commercial agreement with an alternative operator,” Smith said by email

“Shell has no intention to operate these leases, which were originally purchased in 2012 and are due to expire in 2022” read more

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