The U.S. Geological Survey estimates the Chukchi and Beaufort seas hold 26 billion barrels of recoverable oil. “It’s probably fair to say, this [Shell’s drilling effort in the Chukchi sea] is the most scrutinized, analyzed project — oil and gas project — probably anywhere in the world. I’m actually sure of that. We can’t afford to have a problem here.”
Marvin Odum, CEO Shell Oil Co.