Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Return to the Arctic: Shell Looks Set To Take Another Run

2/09/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmtcvmtuvndg1l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Shell could be returning to the Arctic after a two-year hiatus.

The company submitted a drilling plan to the U.S. Department of Interior on Aug. 28, which suggests it is considering returning to the icy waters in the far north to look for oil. While no final decision has been made, Shell’s submission puts the company on track to drill in the summer of 2015.Shell has spent several years and nearly $6 billion on its Arctic campaign thus far. Harsh conditions, poor infrastructure, and a short drilling season hindered its progress, but it was the company’s bungled 2012 operations – a rig ran aground and its oil spill response ship failed inspection -- that nearly ended its plans in the Arctic for good.

Hoping to put those troubles behind it, Shell has now submitted a paired-down drilling blueprint that eliminates exploration in the Beaufort Sea.

But before Shell can move its rigs into the Chukchi Sea, several obstacles remain. Perhaps the most important is a revised Environmental Impact Statement (EIS) currently under review by the U.S. Bureau of Ocean Energy Management. The bureau is redoing its analysis after a court earlier this year invalidated parts of a 2008 environmental assessment.

The problem was that in its evaluation of the environmental impact of drilling, the government only assumed 1 billion barrels of oil would be discovered. Environmental groups successfully sued, arguing that regulators did not consider the possibility that more resources would be discovered, or the possibility that multiple wells would be developed, leading to potentially more environmental damage than the government estimated.

This article has been extracted from http://oilprice.com/, please click on this link to read the article in full http://oilprice.com/Energy/Crude-Oil/Return-to-the-Arctic-Shell-Looks-Set-To-Take-Another-Run.html

Montash is a multi-award winning, global technology recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtyvmtivmdcvmtavmdyvndkvntg0l0vudgvychjpc2ugcmvzb3vyy2ugcgxhbm5pbmcgy29wes5qcgcixsxbinailcj0ahvtyiisijm4mhgxmdajil1d

Infor launches new mobile solution

2016-12-07 09:00:00 +0000

Infor, one of the global leaders in enterprise resource planning (ERP) software, has revealed that it is launching a new mobile solution. The company, which has focused on developing specialised business applications for a variety of industries, unveiled Infor Mobility for Field Service (MFS). The solution is a comprehensive mobility application that can streamline operations for employees working in the field. To ensure that field technicians are provi...

W1siziisijiwmtyvmtivmdyvmdkvmjcvmtavnze4l2nsb3vkihrly2hub2xvz3kgc2vydmljzxmuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

AI continues to infiltrate cloud computing se...

2016-12-06 09:00:00 +0000

With Google and Microsoft both already working on artificial intelligence (AI) software for their cloud services, it has been revealed that Amazon is now to join the battle. The internet giant is to prioritise developing AI for Amazon Web Services (AWS), the division that sells data storage and computing to IT professionals around the world. AWS is currently the fastest-growing division for Amazon, with the past year having seen sales soar by 60 per cen...