Shell interested in joining Russian Arctic exploration projects

Royal Dutch Shell is interested in joining projects to explore Russia's Arctic, the company's Executive Vice President for Exploration and Production Guy Outen said at the Sakhalin Oil & Gas 2012 international conference on Tuesday.

Shell believes that Russia will become much more competitive as a result of working in its Arctic region, Outen said.

Shell came to the Arctic at the beginning of the 20th century, he said.

The company has set a huge number of Arctic records and has proved its ability to work expertly and safely, he said.

That is why Shell is interested in jointly exploring Russia's Arctic, Outen said.

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