Major discovery pushed Shell to invest billions in Alaskan drilling

The Burger discovery off the Alaskan coast is one of the reasons that pushed Shell Oil to invest billions in the Arctic. So far, the company has invested close to $4 billion in groundwork and leases in the region. "This one potential resource far outweighs any single field we've got in the Americas portfolio," said Steve Phelps, exploration manager for Shell Alaska.

View Full Article in:

Anchorage Daily News (Alaska) (free registration)

Published in Brief: