A feasibility study for a $210m deepwater port to be built in Nome in Alaska has been suspended, following Royal Dutch Shell’s decision last month to pull out of Arctic deepwater drilling in the Chukchi Sea.
“On Sept. 28, Royal Dutch Shell Oil announced it was suspending exploration activities in the Arctic for the ‘foreseeable future,’ bringing into question the validity of the current economic assumptions and the overall justification for the project,” the US Army Corps of Engineers said in a statement.
In 12 months, the Corps, the state of Alaska and the city of Nome will assess whether to proceed with the study.
