Sullivan Comments on Interior’s Final Regulations for Drilling in the Arctic OCS
WASHINGTON, DC – U.S. Senator Dan Sullivan (R-AK) released the following statement regarding the U.S. Department of the Interior’s final regulations for drilling in the Arctic Outer Continental Shelf (OCS):
“While I am still reviewing the specifics of this regulation, it is important to remember this alarming statistic: it took Shell 7 years and more than $7 billion to drill one exploratory well in less than 100 feet of water in the Arctic. This was a direct result of an overly burdensome regulatory environment created by the Obama administration. By the administration’s own estimate this regulation will add more than $2 billion in compliance costs over 10 years to Arctic OCS exploration, casting further uncertainty on the future of oil production in Alaska. So while some might view this announcement as a positive sign for future lease sales, it is clear that this decision continues a policy of overregulation and hostility toward responsible resource development that directly threatens American energy security and good job opportunities for all Alaskans and Americans at a time when our economy is struggling."
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