The UK Government said the development would create hundreds of jobs and contribute billions of pounds to the economy.
A controversial North Sea oil field has been given the go-ahead, prompting anger from environmental campaigners.
Rosebank, which is one of the largest untapped oil fields in UK waters, has been granted development and production consent by the UK Government’s regulator, the North Sea Transition Authority .The UK Government said the move would create hundreds of jobs and contribute billions of pounds to the economy, but campaigners claimed the decision was “reckless” and “terrible for our energy security”.
We are a world leader at reducing carbon emissions but as much as we will be ambitious, we must be pragmatic that is why I support theThe Rosebank field, which lies north-west of Shetland and contains up to 350 million barrels of oil, is currently one of the largest untapped discoveries in UK waters.
Rosebank could produce 69,000 barrels of oil per day, about 8% of the UK’s projected daily output between 2026 and 2030, and could also produce 44 million cubic feet of gas every day, according to its owners. The companies behind oil field, Ithaca Energy and Equinor, said they had taken their final investment decision to invest 3.8 billion dollars in the project in the first phase of development.. Also, by consuming scarce resources that could be going to renewables, it risks slowing the green transition and the jobs that come from it.
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