Statoil Moves Closer To Exploratory Chukchi Drilling

Statoil is inching closer to exploratory drilling in Alaska’s Chukchi Sea, although the company says not before 2015.

A delegation from the Norwegian oil company held a public meeting in Nome Monday night. Operating on 16 leases acquired in a 2008 sale—and partnering with ConocoPhillips on another 50 leases—the company’s potential drill sites sit about 150 miles northwest of Barrow.

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