David Lawrence, executive vice president of exploration at Shell, said: We are committed to exploration for new oil and gas in high potential basins. Our entry into the Chukchi Sea, combined with our lease holdings in the Beaufort Sea, further solidifies our position in Alaska, which has the potential to become a new heartland for Shell.
We will continue to apply our experience and technology to safe and responsible exploration in the Alaska offshore. The results of this sale underscore Shell’s commitment to benefit local communities, while respecting their way of life. We can find common solutions to develop this important domestic resource.
