Complex factors chill Arctic development

摘要

Houston—Developing the Arctic’s estimated 138 billion barrels of oil equivalent of proved and probable resources isn’t just about cold, ice and solving technical challenges, but commercialization and time, speakers at a conference said Wednesday. The technical and commercial challenges of developing in cold, icy, regions with limited weather periods in which to work, need careful planning and abundant finances that do not mind waiting decades for an economic return, Edward Richardson, an analyst at UKbased global offshore consultants Infield Systems, said on the third and final day of the annual Arctic Technology Conference.