Shell Scraps Alaska Drilling Plans For 2011

Law360, New York (February 3, 2011, 4:15 PM EST) -- Royal Dutch Shell PLC on Thursday said it had scrapped plans to drill for oil in Alaska in 2011, citing a failure to secure necessary U.S. Environmental Protection Agency permits.

Shell CEO Peter Voser said in a conference call with reporters that the company would delay its Alaska drilling operation until at least 2012 because the EPA has not issued the necessary permits.

“Despite our investment in acreage and technology and our work with stakeholders, we have not been able to drill a single exploration well,”...
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