COP to commence drilling 2 remote Artic wells
Reuters
— 11:45 PM ET 03/07/2013
By Yereth Rosen
ANCHORAGE, Alaska, March 7 (Reuters) - ConocoPhillips (COP
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) 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
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), 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.