Fantastic news: Shell abandons Alaska Arctic oil drilling! Super like & share!

Shell announced today – September 28, 2015 – on its website that it was abandoning its controversial Arctic drilling plans North of Alaska in the Chukchi Sea… – Ce 28 septembre 2015 – le géant pétrolier Shell a annoncé sur son site internet qu’il arrêtait toute exploration au large de la Mer de Tchouktches au Nord de l’Alaska…

Anglo-Dutch energy giant Royal Dutch Shell has spent over $7bn on its failed hunt for oil which critics said could only endanger one of the world’s last pristine environments… Shell avait déjà dépensé plus de 7 milliards de US dollars dans sa conquête non fructueuse de trouver du pétrole dans un des derniers endroits les plus sauvages du monde…

Yes, WE LOVE THE ARCTIC 4 EVER!

« … Shell today provides an update on the Burger J exploration well, located in Alaska’s Chukchi Sea. The Burger J well is approximately 150 miles from Barrow, Alaska, in about 150 feet of water. Shell safely drilled the well to a total depth of 6800 feet this summer in a basin that demonstrates many of the key attributes of a major petroleum basin. For an area equivalent to half the size of the Gulf of Mexico, this basin remains substantially under-explored.

Shell has found indications of oil and gas in the Burger J well, but these are not sufficient to warrant further exploration in the Burger prospect. The well will be sealed and abandoned in accordance with U.S. regulations.

« The Shell Alaska team has operated safely and exceptionally well in every aspect of this year’s exploration program, » said Marvin Odum, Director, Shell Upstream Americas. « Shell continues to see important exploration potential in the basin, and the area is likely to ultimately be of strategic importance to Alaska and the US. However, this is a clearly disappointing exploration outcome for this part of the basin.”

Shell will now cease further exploration activity in offshore Alaska for the foreseeable future. This decision reflects both the Burger J well result, the high costs associated with the project, and the challenging and unpredictable federal regulatory environment in offshore Alaska.

The company expects to take financial charges as a result of this announcement. The balance sheet carrying value of Shell’s Alaska position is approximately $3.0 billion, with approximately a further $1.1 billion of future contractual commitments. An update will be provided with the third quarter 2015 results.

Shell holds a 100% working interest in 275 Outer Continental Shelf blocks in the Chukchi Sea.

Operations will continue to safely de-mobilize people and equipment from the Chukchi Sea… further info >> « .