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Offshore Arctic Exploration and Production Opportunities

Great rewards are generally preceded by great risks.  This is especially true with arctic oil. As the world price for crude oil fluctuates, Arctic OCS waters“black gold” beckons producers to “come and get it.” The challenges are considerable, as Shell’s long awaited attempts to develop its $2.4 billion leases in the Beaufort and Chukchi Seas amply demonstrate.

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