Equinor has submitted to UK regulators plans to develop Rosenbank oilfield in the North Sea, reported Reuters.
The Rosenbank field is expected to commence production in late 2026.
Go deeper with GlobalData
The environmental statement for the field marks a major step for the approval for the development of the field.
This statement is now open to public consultation.
Equinor, which will be the operator for the field, would be developed in two phases.
The wells in this field will be linked to a floating production, storage and offloading (FPSO) vessel, where the oil and gas will be processed.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWhile oil will be transported via tankers, the gas from the field will be exported from the FPSO through a new pipeline to the current West of Shetland Pipeline systems (WOSPS).
First production from the Rosenbank field is expected in Q4 2026.
During 2027-2029, oil production is expected to touch a peak of around 70,000 barrels per day.
Production of gas is estimated to reach a peak at 1.72 million cubic metres per day during 2029-2031, before gradually witnessing a decline.
Equinor intends to make a final investment decision on the field in Q1 2023.
Equinor and Suncor Energy have 40% stake each in the Rosebank project, while Ithaca Energy holds the remaining 20% stake.
——————————————————————————————————————
Image: The Rosenbank field is expected to commence production in late 2026. Credit: Keri Jackson from Pixabay.
