Shell scales back Alaskan ambition
on 17/09/2012 09:57:44
The company was granted two exploratory drilling permits by the US government after a long struggle with environmentalists who say seeking oil in the icy waters is too risky.
Shell said it is scaling back ambitions until next summer, after one of its containment systems failed during a test.
Earlier, the company delayed drilling due to ice floe movements.
The company said that in the time remaining this year it plans to drill shallow "top holes" for wells that may be further pursued in coming years.
Shell is seeking oil in the Chukchi and Beaufort Seas.