Tokushima Worldwide: Shell Begins Drilling in Chukchi Sea.

Tokushima Worldwide - After more than 20 years of quiet, drilling began again on Sunday in the Chukchi Sea off the Alaskan coast. 

 

 

Exciting times may lay ahead for Shell Oil, who expect to find significant oil reserves in the Chukchi sea area off the coast of Alaska. A source close to the project reportedly commented to Tokushima Worldwide that it has been several years since Shell paid to secure the leases to start drilling, and that it will be rewarding to finally begin working on the project.

 

President Obama welcomed the development of Alaska’s Arctic coast, though it has become an environmental battleground with groups expressing fears that oil spills will do untold harm to an environment already under threat from retreating ice and global warming. Dan Howells of Greenpeace was supposedly to have said that the melting Arctic is a dire warning, not an invitation to make a quick buck.

 

Estimates, allegedly reviewed by independent sources close to Tokushima Worldwide, believe that the Chukchi Sea and nearby Beaufort Seas recoverable oil,  could total in the region of 26 billion barrels and natural gas reserves of up  to 3.7 trillion cubic meters (130 trillion cubic feet).

 

Shell is believed to have invested heavily for drilling rights for the Arctic Ocean, but has been delayed by regulatory issues and lawsuits from environmentalists and the short exploration and drilling season that the Arctic provides. Shell has reportedly received authorization to begin drilling narrow pilot holes, around 425 meters (1,400 feet) below the sea floor and approximately 1,200 meters (4,000 feet) above a known petroleum reservoir. 

 

In spite of the directive to stay out of the oil bearing rock layers, Shell are apparently relieved to finally be able to begin work.  The source close to the operation reportedly speculated to Tokushima Worldwide that Shell is also expecting to begin drilling in the Beaufort Sea in the near future.

 

Recent News

Smart Dubai discusses roadmap of smart city at Dubai Municipality headquarters

on 04 May 2016
Written byOrient Planet

Visit aims to discuss the goals of the office and its strategy for establishing partnerships...

Hug Digital launches new research department in MENA

on 04 May 2016
Written byGary R. Gills

Hug Digital, which now has four offices in the MENA region, has launched a research...

Telecommunications Regulatory Authority wins major award at World Summit on the Information Society (WSIS 2016)...

on 04 May 2016
Written byOrient Planet

Under ‘Regional and International Cooperation’ category

Foxwood Corporate Apartments Announce Special Rates for Military

on 04 May 2016
Written byFoxwood Apartments

Foxwood Corporate Apartments is comprised of 130 fully-furnished one and two-bedroom units. The complex specializes...

CHINA BANS ONLINE BOYFRIEND LOYALTY TESTING - NEW TREND BOOMS IN NORTH AMERICA

on 03 May 2016
Written byAndrew

Saskatoon, Saskatchewan – Despite a recent crackdown by the Chinese government to shut down Online...

Market Report: Times ‘a Changin’: Oil Flows while Technology Slows

on 03 May 2016
Written byAndrew

April Recap from Thrivent Mutual Funds MINNEAPOLIS - The slow one now will later be fast….and...

‘Smart Government Application Store’ wins ‘2016 Smart Government Award’

on 03 May 2016
Written byOrient Planet

Pioneering application recognized for its easy-to-use features, content activity and high-interactivity UAE, May 3, 2016...

RIL Performing Considerably Well in Core-Refining Business

on 03 May 2016
Written byVenkat Rao

Reliance Industries gets positive reviews owing to success on the refining and petrochemicals business front.

Jazz Radio Stations country by country

on 02 May 2016
Written bymytuner

Jazz it up a Little with myTuner Radio! When you check jazz radio stations by...

1 million Podcasts on myTuner’s Website

on 02 May 2016
Written bymytuner

MyTuner - Podcasts from all over the place. Over 1 Million Podcasts on myTuner’s website.

Featured

Online news submission & press release distribution service - Google News submission & over 1500+ major news syndications (Including TV, Newspapers, Radio) We help get your news noticed by your customers and media. You can reach out and target specific industries and locations worldwide, giving great exposure! We can even write the press release you want to distribute.