Tuesday, February 16, 2010


ExxonMobil could be ramping up its Arctic

to sign a contract for a Transocean rig capable of drilling in Arctic waters and which is estimated to cost up to $1 billion to build

Exxon has long been interested in the Arctic and has an increased its acreage in the Beaufort Sea and is in different stages of planning and assessment in areas offshore West Greenland, eastern Canada and Newfoundland.

annual summer ice thaw increases, leaving more open water

proposed (and now long-awaited and over budget) MacKenzie Valley Gas Project key to Exxon’s Arctic plans.

Exxon Arctic Fields

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