Rosebank is an oil and gas field and is one of the largest undeveloped discoveries in UK waters
Rosebank is an oil and gas field and is one of the largest undeveloped discoveries in UK waters
The approval for drilling comes after the government said it would issue hundreds of new licences for oil and gas exploration in the North Sea.
The field is expected to start producing oil from 2026.
If drilling does start on time, Rosebank could account for 8% of the UK’s total oil production between 2026 and 2030.
Roughly 245 million barrels will be produced in the first five years of drilling, with the remaining 55 million being extracted between 2032 and 2051.
Rosebank is an oil and gas field and is one of the largest undeveloped discoveries in UK waters
The approval for drilling comes after the government said it would issue hundreds of new licences for oil and gas exploration in the North Sea.
Rosebank is an oil and gas field and is one of the largest undeveloped discoveries in UK waters
Rosebank is an oil and gas field and is one of the largest undeveloped discoveries in UK waters
The approval for drilling comes after the government said it would issue hundreds of new licences for oil and gas exploration in the North Sea.
The field is expected to start producing oil from 2026.
If drilling does start on time, Rosebank could account for 8% of the UK’s total oil production between 2026 and 2030.
Roughly 245 million barrels will be produced in the first five years of drilling, with the remaining 55 million being extracted between 2032 and 2051.
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