Imperial, Exxon create Arctic buzz
Make unprecedented bid for 508,000-acre Beaufort Sea exploration block, but wonít say what they have in mind other than insisting itís Ďseparate and independentí from Mackenzie gas line
For Petroleum News
In straight dollar terms, itís a breathtaking vote of confidence in the oil and gas future of the Canadian Arctic.
Even a federal official who manages Canadaís northern bidding process was caught off guard.
Richard Casey, with Indian and Northern Affairs Canada, said the joint bid by Imperial Oil an....
[additional news subjects in this story]
Exxon: too soon too explain
Companies have five years to spend C$146.2 million
Only one recent Canadian Beaufort well
Analyst suggests target could be oil
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