Equinor and its partners have confirmed a new timeline for the Rosebank project on the UK Continental Shelf (UKCS). Following the award of a three-year extension for the Rosebank licences by the UK Oil and Gas Authority (OGA), a final investment decision is planned to be taken by May 2022.
Equinor says that project team for the field has been established and technical and strategic work and studies are underway. The company holds a 40% operated interest in the Rosebank field, together with partners Suncor Energy (40%) and Siccar Point Energy (20%), which lies about 130 km northwest of the Shetland Islands. Read more…