Shell is days away from major oil hunt in the Arctic

The oil company will be a controversial first-mover in the region. "Everyone's watching us," says Shell executive.
Photo: Marinvest
Photo: Marinvest
RTIZAU FINANS AND ENERGIWATCH

Oil giant Royal Dutch Shell is just a few days away from being able to drill for oil in the Arctic Ocean with two large drilling rigs headed towards the Alaskan part of the oil field Chukchi. This part of the oil field is estimated to contain up to 29 billion barrels of oil and gas, according to The Wall Street Journal.

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