Begich Welcomes ConocoPhillips/Statoil Partnership
U.S. Sen. Mark Begich released the following statement after news of Statoil ASA's new partnership with ConocoPhillips to develop over 50 leases in the Chukchi Sea:
"Today's announcement by one of the world's leading producers of offshore oil and gas is good news for Alaska. Statoil's investment reflects the increasing optimism about the presence of significant oil and gas reserves in the Chukchi Sea.
"Recent approvals by the Obama administration for oil and gas exploration in the Arctic and increased interest by other international companies like Statoil should boost Alaskans' confidence that we can responsibly develop these reserves.
"Statoil's extensive experience in Arctic waters and commitment to public involvement will nicely complement Conoco's proven track record in Alaska. I'll continue to push federal officials to clear the way for environmentally responsible oil and gas development in and off shore Alaska."