Credit: BSEE: By =&0=&2017-12-27 18:15:55
Oil exploration in U.S. Arctic waters got underway this week with the spudding of a new oil well from the man-made Spy Island in the Beaufort Sea. Eni began drilling the new well off the north coast of Alaska, becoming the first company to do so since 2015.The well is expected to be over six miles (10 kilometers) long, and the project could result in oil production levels of 20,000 barrels a day.
Eni is working with Royal Dutch Shell and plans to drill two exploration wells plus two potential sidetrack wells over the next two years.
In 2015, Shell abandoned its exploration activities in offshore Alaska, citing high costs and stringent regulations. However, in April this year, U.S. President Donald Trump signed an executive order allowing offshore drilling in the Arctic. This week, the Bureau of Safety and Environmental Enforcement (BSEE) issued a statement highlighting the importance of U.S. energy dominance and the Administration’s national energy strategy. It also noted that two BSEE personnel were on-hand at the spudding operation on Monday to ensure compliance with approved permits, federal regulations and safety standards. read more
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