Producers Continue Chasing Gas Offshore Alaska Despite Delays

摘要

Pursuing natural gas and oil discoveries off Alaska's northern coast remains an integral, long-term strategy for ConocoPhillips, BP and Statoil, which each hold federal oil and gas leases in the Beaufort and Chukchi seas. However, those firms say they are now reaching a "breaking point" in which they require clarity from the US Interior Department if they are to explore and extract the offshore deposits that are viewed as crucial to the long-term health of a proposed lower 48 gas pipeline, and the short-term health of the Trans-Alaska oil pipeline.