HOUSTON -- Royal Dutch Shell is the apparent high bidder on 275 lease blocks in the Feb. 6 US Outer Continental Shelf Lease Sale 193 in the Chukchi Sea, offshore northwest Alaska. Shell's high bids totaled $2.1 billion.
"I am pleased with our results at Sale 193," says David Lawrence, Shell executive VP of exploration. "We are committed to exploration for new oil and gas in high potential basins. Our entry into the Chukchi Sea, combined with our lease holdings in the Beaufort Sea, further solidifies our position in Alaska, which has the potential to become a new heartland for Shell."