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Citing a lack of enough oil to make the project worthwhile, Royal Dutch Shell Oil is halting its effort to drill for oil off Alaska's shore "for the foreseeable future." The company has spent some $7 billion on the exploration project.

 late Sunday, describing what the company called "a clearly disappointing exploration outcome" in the Chukchi Sea, which is part of the Arctic Ocean. The project, which had been halted in 2012 over safety concerns, was resumed this year after 

In its statement, Shell says that the Burger J well, which had been drilled to a depth of 6,800 feet, will now be sealed and abandoned.


The oil company also said that the Chukchi Sea, where it holds rights to many oil exploration areas, "remains substantially under-explored" and has the potential to be "of strategic importance to Alaska and the U.S."  Copyright 2019 NPR. To see more, visit https://www.npr.org.

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The company, which spent some $7 billion on the project, now says it was "a clearly disappointing exploration outcome" in the Chukchi Sea, which is part of the Arctic Ocean.

Shell Oil abandons controversial drilling off Alaska's shore

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