"The Wreck of the Kulluk"

The expensive and disastrous failure of Shell's effort to begin offshore drilling in Arctic offshore waters of the Beaufort and Chukchi seas offers a tale of what can go wrong in such Arctic drilling.

"In 2005, Royal Dutch Shell, then the fourth-largest company on Earth, bought a drill rig that was both tall, rising almost 250 feet above the waterline, and unusually round. The hull of the Kulluk, as the rig was called, was made of 1.5-inch-thick steel and rounded to better prevent its being crushed. A 12-point anchor system could keep it locked in place above an oil well for a full day in 18-foot seas or in moving sea ice that was four feet thick. Its drill bit, dropped from a 160-foot derrick, could plunge 600 feet into the sea, then bore another 20,000 feet into the seabed, where it could verify the existence of oil deposits that were otherwise a geologist’s best guess. It had a sauna. It could go (in theory) where few other rigs could go, helping Shell find oil that (in theory) few other oil companies could find."

McKenzie Funk reports for the New York Times Magazine December 30, 2014.
 

Source: NY Times, 12/31/2014