In the year 2005, investment was made by Royal Dutch Shell (Shell) in petroleum exploration leases in the Beaufort Sea in the Alaska Arctic. A couple of years later, additional leases were obtained in the Chukchi Sea that was nearby. After years of postponements, Shell began drilling with two drillships in the summertime of 2012. More delays along with the short drilling season resulted in only two partly drilled wells. On the journey south after drilling was finished, one of the ships had an engine fire and the other one ran aground.
After spending more than $5 billion on its Arctic exploration program between 2005 and 2015, the firm had hardly any results for its efforts, raising questions regarding Shell's and the business's ability to handle large complex oil and gas projects in the Arctic.
Shell and the Arctic case study solution
PUBLICATION DATE: January 01, 2015 PRODUCT #: TB0401-PDF-ENG
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