Rosebank Oil Field Consultation Ends, £8.7 Billion Project Awaits UK Government Approval

The public consultation period for the Rosebank oil and gas field in the North Sea has concluded, according to Adura, a joint venture between Shell and Equinor. The project, which is located on the UK Continental Shelf, is now awaiting approval from the UK government. The £8.7 billion ($11.8 billion) project, along with its companion Jackdaw gas field, represents an anticipated investment of £10.8 billion ($14.6 billion), with more than three-quarters of that spent in the UK.

The Rosebank oil and gas field is expected to generate £24.3 billion ($32.9 billion) in gross value added for the UK economy over its producing lifespan, which will be developed in two phases using subsea wells tied back to a redeployed floating production, storage, and offloading vessel.

Adura's Chief Executive, Neil McCulloch, expressed gratitude to those who engaged constructively during the consultation period. He emphasized that Rosebank and Jackdaw are nationally significant projects that can provide more domestically produced energy, support high-quality jobs and apprenticeships, generate substantial economic activity and tax revenues, and give the UK's energy supply chain confidence.