Shell Arctic Drilling Rig Kulluk Recaptured in Stormy Seas

By Bloomberg - 2013-01-09T09:39:32Z

Photograph by Petty Officer 2nd Class Zachary Painter/U.S. Coast Guard/AP Photo

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Shell has invested $4.5 billion in offshore leases and equipment and fought at least 50 lawsuits from environmental groups to begin drilling in the Chukchi and Beaufort seas, the first wells in U.S. Arctic waters in about 20 years.

Left, Kulluk sits grounded 40 miles southwest of Kodiak City, Thursday, Jan. 3.