Shell To Reduce Alaska Oil Exploration Plans

Law360, New York (May 6, 2009, 12:00 AM EDT) -- Shell Oil Co. has withdrawn its beleaguered plan to drill off Alaska's coast and will replace it with a reduced exploration plan, the oil giant announced after a prolonged battle with environmental groups.

Shell on Tuesday informed the U.S. Department of the Interior's Minerals Management Service that it had withdrawn its 2007-09 plan of exploration, which was to expire at the end of the year, the company said. Plans to drill in the Beaufort Sea had been stalled by a case brought by a coalition of...
To view the full article, register now.