Shell seeks Alaska lease extension, but no plans to return
Extension seen as way to make the leases more attractive to a potential buyer
The Associated Press · Posted: Sep 25, 2020 5:59 PM CT | Last Updated: September 26Oil company Shell is seeking an extension of leases it holds in Alaska as a way to make the leases more attractive to a potential buyer and does not itself plan a return to operations in the state, spokesperson Curtis Smith said Friday.
Smith said the leases for which the company is seeking an extension represent the bulk of leases Shell still holds in Alaska.