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Shell Submits Revised Plan To Drill In The Arctic Ocean

European oil giant Royal Dutch Shell Plc. (RDS-B, RDSB.L, RDSA.L,RDS-A) has submitted a revised plan to the U.S. government to drill in the Arctic Ocean, off the coast of Alaska, the Financial Times said.

Shell has submitted its exploration plan to the Bureau of Ocean Energy Management, which controls offshore drilling rights.

The company is keeping its option open to drill in the area next summer, although it has not decided to do so. The submitted plan includes environmental and safety aspects.

Shell needs permit awards and a favorable court decision to drill in the Arctic.

RDSA.L rose 0.4 percent on Thursday to close at 2,439.16 pence.

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