Shell to resume Arctic drilling off Alaska Royal Dutch Shell is to renew its contentious Arctic drilling campaign, spending nearly $3bn over two years in an effort to strike oil in an area that could hold the last untapped oil reserves on Earth ----------------------------------------------------------------- Regions rich in oil and gas Arctic estimated to hold 13% (90 billion barrels) of world’s conventional oil reserves More than half thought to be in three regions: Arctic Alaska Basin (1), Amerasia Basin (2), and East Greenland Rift Basin (3) ----------------------------------------------------------------- PACIFIC OCEAN U.S. Arctic waters thought to hold 34bn barrels of oil Shell exploration sites ALASKA U.S. 1 Chukchi Sea: Two oil rigs – Polar Pioneer (above) and Noble Discoverer – plus 30 support vessels and seven aircraft to begin operations late July Beaufort Niglintgak CANADA Baffin Bay Kanumas DENMARK Greenland 2 International waters North Pole 3 NORWAY Goliat field: Italy’s Eni and Norway’s Statoil due to start production this summer ATLANTIC OCEAN ARCTIC CIRCLE ARCTIC OCEAN RUSSIA 1,000km 600 miles Shell has spent around $6bn in Arctic to date Environmental campaigners oppose drilling in sensitive region Shell ceased Arctic exploration in 2012 following oil rig fire and other safety failures --------------------------------------------------------- Sources: USGS, EIA, Shell Picture: Associated Press words 200