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USG Gives Shell Clear Sailing to Exploit the Arctic Ocean


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USG Gives Shell Clear Sailing to Exploit the Arctic Ocean

WASHINGTON -

The Bureau of Safety and Environmental Enforcement approved Shell’s final drilling permits, which was the final hurdle before the company can begin drilling exploration wells in the Chukchi Sea this summer. Shell can immediately begin drilling the top sections of two wells, but cannot drill down to where the oil and gas is located until the M/V Fennica, the ice breaker carrying the required capping stack for the wells, returns from receiving repairs to its damaged hull in Portland, Oregon. The permits also restrict Shell to drilling only one well at a time, due to a U.S.

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