Shell CEO confirms commitment to Chukchi exploration
During an analyst call reviewing Shell's second quarter 2015 results Ben van Beurden, the company's chief executive officer, confirmed his company's commitment to exploration in the Chukchi Sea, despite a reduction in the company's overall exploration spend in the wake of the company's takeover of the BG Group.
"In Alaska … we are planning to drill the Burger prospect in the Chukchi Sea in 2015 and '16 to test what could be a multibillion-barrel oil field for Shell, with further exploration potential in the more general acreage we hold there," van Beurden said.
Shell has previously said that it views its program in the Alaska Arctic offshore as a long-term strategic play.
Van Beurden also commented that the company anticipates drilling just one well during this year's Arctic open water season.
"We have one well planned for this season over the next weeks, months, so expect results somewhere in September or do," he said.
- ALAN BAILEY
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