Houston (25 October 2018) – In response to the Department of Interior’s approval yesterday to a plan to drill for oil and gas in federal Arctic waters north of Alaska, IADC President Jason McFarland said:
“Interior’s approval yesterday of the Alaska Liberty project is a step forward in tapping the rich potential of the Arctic’s natural resources. Arctic reserves are estimated at more than 90 billion barrels of oil, and with decades of experience operating in Alaska’s harsh climate, drilling contractors have developed safe and effective environmentally sensitive methods to retrieve the region’s vast oil and gas reserves. IADC continues to support policies that encourage development of the nation’s valuable and abundant natural resources, and is pleased with Interior’s commitment to enabling drilling and production activities in Arctic federal waters.”
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 IADC at www.iadc.org and www.DrillingContractor.org.