Maersk wants to drill year-round in the Arctic

According to “The Copenhagen Post,” Maersk Drilling is going to be a key player in opening the Arctic to oil exploration by developing rigs that can drill for oil year-round under extreme conditions.

However, while Maersk Drilling has taken out patents for technology that would allow drilling in the Arctic, Maersk Oil only owns a limited number of licenses for drilling in that area. It is therefore likely they will team up with other companies that have larger drilling licenses in the region, such as Shell and Gazprom.

Environmental groups have long opposed oil exploration in the Arctic for fears of environmental damage that would be caused by an oil disaster similar to the enormous spill in 2010 resulting from a blowout of the Deepwater Horizon rig in the Gulf of Mexico.

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