ANCHORAGE, Alaska — More than four years after Royal Dutch Shell paid $2.8 billion to the federal government for petroleum leases in the Chukchi Sea, a company vessel on Sunday morning sent a drill bit into the ocean floor, beginning preliminary work on an exploratory well 70 miles off the northwest coast of Alaska.
Shell has spent upward of $4.5 billion for Arctic Ocean drilling but had been thwarted from drilling by environmental lawsuit, regulatory requirements and short open-water drilling seasons. Despite the requirement to stay out of oil-bearing rock, they were elated to finally begin work.