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Shell delays in U.S. Arctic puts off other operators

LONDON -- Shell' s regulatory issues in the U.S. Arctic, where it has incurred delays to its oil exploration campaign, is putting off other energy groups with licenses, reports the Financial Times, citing one of the most active groups in the region.

Tim Dodson, head of exploration at Norway' s Statoil , said Shell' s experience has reduced the appeal of working in the Chukchi Sea, northwest of Alaska. Shell was unavailable for immediate comment.

Dow Jones Newswires

09/05/2012

 

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