September 17, 2015
If Shell’s Chukchi Sea drilling operations manage to penetrate underground rock formations in waters off Alaska’s north coast this season and don’t find oil, that could be the end of the company’s controversial Arctic efforts, according to a report from the BBC.
“Our plan for the Arctic is to find out whether there is any oil in the Chukchi Sea,” Shell CEO Ben van Beurden told the British news outlet.
“We are in the middle of that drilling campaign and we have to see at the end of the season whether we get into the reservoir. If these results are conclusively no, then it will probably be the end of the road for our Alaska adventure.”