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Shell's (RDS.A) plans to drill in Alaska's Arctic waters this year are in doubt after it said...

Shell's (RDS.A) plans to drill in Alaska's Arctic waters this year are in doubt after it said yesterday that it's sending its two special purpose offshore rigs to Asia for repairs and upgrades. The news comes after a series of mishaps, including the grounding of the Kulluk drillship near Kodiak Island off the Alaskan coast on Dec. 31. The question investors have is whether the huge investment is worth it.
Comments (2)
  • Shell can afford and should bear both the huge costs and pioneering risks associated with opening a potentially vast oil and gas frontier province.
    There are perhaps only 3 to 5 companies in the world that can do this and if they wont then these resources will not become available to humanity for decades yet.

     

    There is always failure and loss associated with being a pioneer but the rewards from success are enormous. Why invest in such a company if some frontier risks and rewards are not palatable with a very large and globally diversified oil and gad business?
    12 Feb 2013, 05:30 AM Reply Like
  • She'll is doing the wise thing, sure glad you don't run the company!
    12 Feb 2013, 06:54 AM Reply Like
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