Houston, Texas (11 May 2015) -The Department of Interior (DOI) announced today that it has granted Shell conditional approval to drill for oil and gas in the Arctic Ocean this summer. In response, International Association of Drilling Contractors (IADC) President and CEO Stephen Colville issued the following statement:
“IADC supports DOI’s approval of an exploration plan submitted by Royal Dutch Shell PLC for drilling wells off Alaska’s coast in the Chukchi Sea. In the Arctic, it is vital that the U.S. maintain and accelerate opportunities to develop offshore oil and gas in the resource-rich Beaufort and Chukchi Seas. The region holds an estimated 23.6 billion barrels of oil and 104 trillion cubic feet of natural gas, the development of which would create 54,700 jobs and $193 billion in government revenue. Resource development in the U.S. Arctic would also significantly bolster the nation’s influence in a strategically critical area.”
About IADC
Since 1940, the International Association of Drilling Contractors (IADC) has exclusively represented the worldwide oil and gas drilling industry. IADC’s mission is to catalyze improved performance for the drilling industry by enhancing operational integrity and championing better regulation to facilitate safer, cleaner and more efficient drilling operations worldwide. For more information, visit the IADC website at www.iadc.org.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.