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Canada faces huge problems in Arctic oil hunt
In the Arctic, geologists claim vast oil and gas reserves but exploration shows high costs and limited finds. Drilling in the Beaufort Sea and Mackenzie Delta costs soar, pipelines are uncertain, and native rights and government rules slow progress. Several majors retreat while Panarctic touts gas finds as others pull back.
MENTIONED IN THIS ARTICLE
Melville Island
Arctic Sea
Larkt
Icelands
Labrador
King Christian Island
High Arctic
Mackenzie River
Arctic
Beaufort Sea
Mackenzie Delta
Bank of Montreal
Dome Petroleum
Golden Mackenzie Delta
High Arctic Archipelago
Charles Hertherington
Panarctic Oil
Panarctic