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BOEM Conditionally Approves Chukchi Sea Exploration Plan
On December 16, 2011 the Bureau of Ocean and Energy Management (BOEM) met its statutory deadline and announced it has conditionally approved Shell’s Revised Chukchi Sea Exploration Plan (EP) for operations beginning in 2012.
The conditional approval of Shell’s Revised Chukchi Sea Exploration Plan is an important step towards our goal of drilling our Chukchi leases starting in July of next year. Our Chukchi acreage makes up a significant portion of our Alaska investment portfolio and we look forward to validating the confidence we have in this highly prospective area.
We are still evaluating the conditions outlined in the approval, including the stipulation that potentially limits the duration of Shell’s Chukchi drilling season. We are concerned this unwarranted restriction could severely impact our ability to deliver a complete Chukchi program.
Shell remains committed to employing world-class technology and experience to ensure the delivery of a safe, environmentally responsible Arctic exploration program – a program that has the potential to create over 50,000 jobs and deliver new, domestic supplies of energy for decades to come.