Accessibility Links

Shell receives permit for Arctic drilling

18 Aug 2015

Shell has been granted the final permit needed in order to begin drilling for oil and gas in the Arctic Ocean. This follows a month of Shell only being allowed to drill the top sections of two wells off the coast of Alaska.

Despite environmental concerns, the US government has said it is closely monitoring operations to ensure all safety precautions are being adhered to.

The oil and gas giant has already committed $7bn to the project and is confident that significant oil and gas resources can be found and drilled safely.

Experts believe more than 20% of the world’s undiscovered oil and gas resources are in the Arctic and as the world’s demand for energy continues to rise, drilling in the region becomes an increasingly viable option.