— 11:45 PM ET 03/07/2013
By Yereth Rosen
ANCHORAGE, Alaska, March 7 (Reuters) - ConocoPhillips (COP
) plans to drill up to two exploration wells in remote Arctic waters next year and is undeterred by numerous setbacks suffered there by rival Royal Dutch Shell Plc (RDS/A
), a Conoco official said Thursday.
The oil major is targeting a prospect called Devils Paw in the Chukchi Sea, Mike Faust, the Chukchi program manager, said at the National Oceanic and Atmospheric Administration's (NOAA) annual Arctic Open Water Meeting.