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

Port Everglades Contributes $48.3b in Economic Impact, 300,000 Jobs for Florida

Port Everglades Contributes $48.3b in Economic Impact, 300,000 Jobs for Florida

Report Details Four Ship Breakaways During Storm

Report Details Four Ship Breakaways During Storm

Consortium to Advance e-Fuel Green Corridor Between Brazil and Belgium

Consortium to Advance e-Fuel Green Corridor Between Brazil and Belgium

Panama Canal Reduces Maximum Vessel Draft for Neopanamax Locks

Panama Canal Reduces Maximum Vessel Draft for Neopanamax Locks

Subscribe for Maritime Logistics Professional E‑News

There are some flights to the Middle East that have resumed but there is still disruption.
Indian shares fall to two-month lows due to oil price spike and Asia selloff
Repairs to the Norway-Denmark cable will reduce its capacity by 245 MW until September