Imperial Oil leads push to drill deep in Canadian Arctic

Major energy companies led by Imperial Oil Ltd. have applied to drill for crude in the Beaufort Sea, targeting an area that could require operations in the deepest water yet for the industry in the Canadian Arctic.

Imperial, Exxon Mobil Corp. and BP PLC filed a project description with regulators this month as a first step in the proposed drilling on two jointly held licences about 175 kilometres northwest of Tuktoyaktuk, NWT.

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