Bloomberg: US authorities back one of ‘most expensive’ well drilling projects in Alaska

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The administration of US President Joe Biden supported a project involving the drilling of new oil wells in Alaska. We are talking about a suitable permit for the American energy company ConocoPhillips to develop deposits of raw materials in the northwestern parts of the region, informs Bloomberg agency, citing the source.

The review explains that the cost of the project is estimated at $ 8 billion, according to this indicator, the development of deposits in Alaska will be one of the most expensive US resource projects in this area.

“ConocoPhillips Corporation will allow drilling at three locations in the Söğüt field. This solution will produce approximately 600 million barrels of oil. <….> Drilling the wells will produce up to 180,000 barrels per day, or 1.6% of all current production in the US,” says the material.

At the same time, this development could worsen the environmental situation in Alaska. The fact is that drilling oil wells in the northwestern territory of the region will lead to the emission of about 280 million tons of carbon dioxide. This factor has drawn criticism from US climate change activists.

“The drilling of oil wells is against the current US president’s so-called clean energy transition policy. The project has also drawn widespread criticism from environmental activists, who insist that drilling in Alaska would be a climate disaster.

March 10, Joe Manchin, Chairman of the U.S. Senate Committee on Energy and Natural Resources declarationThe ability of US commodity companies to completely replace Russian oil and gas in the European energy market. At the same time, the official noted that each country has the right to independently decide on the admission of exporters from the Russian Federation to its markets.

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