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The Arctic or Bust
Bloomberg Businessweek, 2015-08, p.58
2015

Details

Autor(en) / Beteiligte
Titel
The Arctic or Bust
Ist Teil von
  • Bloomberg Businessweek, 2015-08, p.58
Ort / Verlag
New York: Bloomberg Finance LP
Erscheinungsjahr
2015
Link zum Volltext
Quelle
EBSCOhost Business Source Ultimate
Beschreibungen/Notizen
  • Overhead, a bank of video monitors displays blinking green radar images of an armada of Shell vessels converging on a prospect called Burger J. Company geologists believe that beneath Burger J lie up to 15 billion. An additional 11 billion barrels are thought to be buried east under the Beaufort Sea. All told, Arctic waters cover about 13% of the world's undiscovered petroleum, or enough to supply the US for more than a decade to government estimates. If all goes well, Shell will drill through in late September, at which point Ann Pickard, Shell's top executive for the Arctic, says she'll order the fleet to move south for the cold months. Shell will have to come back for 15 summers before "first oil" flows through an as-yet-unconstructed 70-mile seafloor pipeline to the Alaska coast and then a 350-mile overland connector to the Trans-Alaska Pipeline. Pickard acknowledges that if 2030 oil prices are no higher than today's, all the effort will have been for naught.
Sprache
Englisch
Identifikatoren
ISSN: 0007-7135
eISSN: 2162-657X
Titel-ID: cdi_proquest_miscellaneous_1707989048

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