Shell Plans to Divest Oil Drilling Rights off North Alaska Coast
Sep 25th, 2020
by John Donovan.
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”
“If the state of Alaska approves the application, we will transition to an alternative…
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Posted in: Alaska, Bloomberg, Business Ethics, Business Principles, Environment, Fossil Fuels, Oil, Pollution, Royal Dutch Shell Plc, Shell.
Tagged: Environment · Oil · Royal Dutch Shell Plc · Shell