Shell suspends Arctic offshore drilling indefinitely


(LONDON) — Royal Dutch Shell announced on Monday that it is suspending oil exploration in Alaska’s Chukchi Sea after finding insufficient reserves during drilling last summer, The Washington Post reported. Shell said it drilled to a depth of 6,800 feet in the Burger J prospect but the results were "clearly disappointing." The company has spent more than $7 billion on oil exploration in the Alaskan Arctic and has suffered numerous setbacks, including the grounding of the drillship Kulluk in 2012.

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By Professional Mariner Staff