Mr. Chair, in the Beaufort they operate under very harsh conditions. We also have very cold waters. We also have ice conditions. All the drilling in the Beaufort to date has been in the onshore or near shore. There are two leases that have been issued in the deep part of the Beaufort, which are at depths of 700 metres, which is about half of what the blowout well was. I think the blowout well was at 1,200 metres. In the deep part of the Beaufort the conditions are very difficult, because it abuts the ice pack, so you always have to be careful of ice floes moving back and forth.
On June 17th, 2010. See this statement in context.