ConocoPhillips shelves Alaskan offshore exploration plans

04/10/2013 | Fox Business

ConocoPhillips has decided to suspend its 2014 Alaskan offshore exploration project until the federal government clarifies rules for developing the Arctic region. "Once those ... are understood, we will re-evaluate our Chukchi Sea drilling plans," said Trond-Erik Johansen, president of ConocoPhillips Alaska. In 2008, Conoco secured 98 exploration lease tracts in Alaska's Chukchi Sea.

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