Shell bids high in Chukchi Sea

Royal Dutch Shell claims it is the highest bidder on 275 lease blocks in yesterday’s US Outer Continental Shelf Lease Sale 193 in the ChukchiSea, offshore northwest Alaska.

With its bids totalling $2.1bn, Shell said that the project opens up new opportunities for jobs and new oil for the Trans-Alaska Pipeline.

‘Our entry into the ChukchiSea, combined with our lease holdings in the Beaufort Sea, further solidifies our position in Alaska.

‘We believe that success in the Alaska offshore also carries with it great potential for the state,’ said David Lawrence, executive vice-president of Shell Exploration.