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Policy & Regulation

Waters still muddy for Alaskan offshore drilling

A regulatory mess is not the only problem facing supermajors hoping to explore offshore in the frozen north of the United States A regulatory mess is not the only problem facing supermajors hoping to explore offshore in the frozen north of the United States.
By Therese Robinson 16 March 2015 Americas / Exploration & Production 0 15545
Imperial Oil, ExxonMobil, BP and Shell all hold leases off the northern coast of Alaska.

Alaska’s Chukchi and Beaufort sea exploration leases have been a quagmire for leaseholders, but the United States Department of the Interior (DOI) is expected to decide in the next few months whether energy companies are allowed to drill in offshore permits purchased in 2008.

In early 2014, the Bureau of Safety and Environmental Enforcement (BSEE) suspended all the Chukchi Sea leases sold in 2008 under the US Bureau of Ocean Energy Management’s (BOEM’s) Sale 193 licensing round until a new Federal Environmental Impact Statement (FEIS) was...