Arctic Well Drills by Shell to Increase Due to Delays

August 3, 2012

Royal Dutch Shell expects to drill 8 wells in the second half of its two-year Arctic exploration program, 3 more than originally planned.

Stubborn ice sheets and permit delays have reduced the amount of time available for Shell to complete the first five wells this year, reports 'Fox Business News'.

Shell, which still plans to drill ten wells in two years, is busy working with the U.S. coastguard to complete a special oil spill containment vessel that is being retrofitted to operate in more challenging conditions.

The Shell spokesman said ice in the Chukchi and Beaufort seas is thicker than it has it has been in more than a decade. The company has previously indicated that it expects to begin drilling sometime in early August.

Source: Fox Business News
 

Logistics News

Ukraine Offers Russia Truce in Black Sea

Ukraine Offers Russia Truce in Black Sea

Revised Jones Act Waiver Takes Effect August 17

Revised Jones Act Waiver Takes Effect August 17

Port of Los Angeles Increases Clean Ship Incentives

Port of Los Angeles Increases Clean Ship Incentives

Explosion at Rotterdam Port Energy Facility Kills One

Explosion at Rotterdam Port Energy Facility Kills One

Subscribe for Maritime Logistics Professional E‑News

European shares edge up as lower crude offsets the geopolitical uncertainty
CK Hutchison’s halted Panama port operation weighs on earnings
Air India now tests all pilots for drugs after a captain's positive test for marijuana