Rosebank Oil and Gas Field (United Kingdom)
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Rosebank Oil and Gas Field is an in development oil and gas field in United Kingdom.
Rosebank is a part of the Rosebank complex.
Project Details
Main Data
Table 1: Field-level project details for Rosebank Oil and Gas Field
| Unit name | Status | Operator | Owner | Discovery year | FID* year | Production start year |
|---|---|---|---|---|---|---|
| Rosebank | In development[1][2][3] | Equinor[4] | Equinor (80.0%); Ithaca Energy (20.0%)[5][6] | 2004[7] | 2023[8] | 2027 (expected)[9][10][11] |
Production and Reserves
Table 2: Reserves of Rosebank Oil and Gas Field
| Fuel Description | Reserve Classification | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| crude oil and condensate | remaining recoverable reserves | 325.32 | million bbl | 2021 | [12] |
| gas | remaining recoverable reserves | 7369.11 | million m³ | 2021 | [12] |
| hydrocarbons | Recoverable resources | 300 | million boe | 2020 | [13] |
| oil | recoverable reserves | 400 | million bbl | 2023 | [3][14][8][15][16] |
Table 3: Production from Rosebank Oil and Gas Field
| Category | Fuel Description | Quantity | Units | Data Year | Source |
|---|---|---|---|---|---|
| production design capacity | oil | 25.52 | million bbl/y | 2022 | [17] |
| production design capacity | gas | 627.8 | million m³/y | 2022 | [17] |
| production design capacity | oil | 25.55 | million bbl/y | 2026 | [2] |
Location
Table 4: field-level location details for Rosebank Oil and Gas Field
| Concession/Block | Location | Coordinates (WGS 84) |
|---|---|---|
| 213/27a, 213/26b, 205/1a, 205/2a[18][19] | Offshore, United Kingdom[20] | 61.051, -3.907 (exact)[20] |
The map below shows the exact location of the field(s) within the Rosebank complex:
Background
Texaco North Sea UK Company, a subsidiary of Chevron, was awarded blocks 213/26 and 213/17 under the UKs 19th licensing round in 2001. DONG Energy, OMV and StatOilHydro formed a venture with the Chevron subsidiary and acquired adjacent block 205/1a in the 23rd licensing round. In 2004, the companies discovered the Rosebank field via an exploration well in block 213/27.[21] In 2012, joint venture participants “reached an important milestone as the project entered into the Front End Engineering and Design (FEED) phase.” The companies invested in the field have changed over time, and as of 2022, the field is owned by Equinor (40%, operator), Suncor Energy (20%) and Siccar Point Energy (20%).[22]
CAPEX for the project is 5.22 billion USD, according to Equinor.[22] Energy Voice puts the project’s price tag at 8.2 billion USD.[23]
In 2012, final investment decision (FID) was expected to be taken in “early” 2013, with first production in 2017.[24] However, as of 2022, FID has not been reached. In 2019, Equinor stated that a final investment decision for Rosebank is planned to be taken by May 2022.[25] However, in February 2022, ExproNews reported that Equinor “has not even submitted an FID” and that “no drill bit will go into the ground any time soon.” According to the project’s Environmental Impact Assessment (EIA), FID is expected in 2023,[22] and first oil is expected in the latter part of 2026.[26] Production is set to continue through to 2050.[27]
Estimates of how much oil and gas Rosebank will produce vary by source. Equinor has stated it’s asset has “recoverable resources of more than 350 million barrels of oil equivalent.”[27] Offshore Technology expects the field to recover 325.32 Mmbbl of crude oil & condensate and 260.24 bcf (43.38 mmboe) of gas reserves.[28] Carbon Brief published an analysis by Uplift which states expected recovery as 325 Mmboe.[29] Industry estimates, including those of Wood Mackenzie and TROVE, put that figure at 300 Mmboe.[21][30]
Opposition
Greenpeace vowed to fight the field coming online, calling the project “shameful” as the “climate crisis rages on, triggering a national emergency and causing death and destruction in the Global South.” Uplift criticized the UK Government for “effectively handing over at least half a billion to the Norwegian government” while the United Kingdom “faces a prolonged recession and millions of British families are being pushed into poverty from soaring energy bills.”[31]
Articles and Resources
Additional data
To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.
References
- ↑ (PDF) https://www.woodmac.com/reports/upstream-oil-and-gas-rosebank-4232455, https://www.youtube.com/watch?v=2_Qqxd0SicY https://cdn.sanity.io/files/h61q9gi9/global/cd90f1d4187d3b71e4ee5423e5ecc91f0c57809d.pdf?20220812-rosebank-environmental-statement.pdf, https://www.woodmac.com/reports/upstream-oil-and-gas-rosebank-4232455, https://www.youtube.com/watch?v=2_Qqxd0SicY.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ 2.0 2.1 https://web.archive.org/web/20230531175831/https://www.reuters.com/business/energy/ithaca-reiterates-it-expects-green-light-uk-rosebank-oilfield-h1-2023-05-31/. Archived from the original on 31 May 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 https://web.archive.org/web/20230804002127/https://www.bbc.com/news/uk-politics-66396048. Archived from the original on 04 August 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230204030547/https://www.equinor.com/energy/rosebank. Archived from the original on 04 February 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230331183747/https://jpt.spe.org/equinor-scoops-up-suncor-energy-uk-for-850-million. Archived from the original on 31 March 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230927080520/https://www.cnbc.com/2023/09/27/uk-gives-approval-for-controversial-rosebank-oil-and-gas-field-development.html. Archived from the original on 27 September 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://doi.org/10.1144/M52 https://www.chevron.com/-/media/chevron/worldwide/documents/rosebank-fact-sheet.pdf, https://doi.org/10.1144/M52.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ 8.0 8.1 https://web.archive.org/web/20230927120028/https://www.reuters.com/business/energy/uks-rosebank-oil-field-development-gets-go-ahead-2023-09-27/. Archived from the original on 27 September 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://cdn.sanity.io/files/h61q9gi9/global/cd90f1d4187d3b71e4ee5423e5ecc91f0c57809d.pdf?20220812-rosebank-environmental-statement.pdf , https://www.equinor.com/news/uk/20220805-rosebank-investment https://www.express.co.uk/news/science/1652096/energy-crisis-north-sea-shetland-rosebank-oil-gas-equinor, https://cdn.sanity.io/files/h61q9gi9/global/cd90f1d4187d3b71e4ee5423e5ecc91f0c57809d.pdf?20220812-rosebank-environmental-statement.pdf , https://www.equinor.com/news/uk/20220805-rosebank-investment.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230705020749/https://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/492832/equinor-boss-wants-rosebank-fid-before-offshore-europe/. Archived from the original on 05 July 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230705005132/https://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/510517/equinor-rosebank-approval-expected/. Archived from the original on 05 July 2023.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ 12.0 12.1 https://web.archive.org/web/20230329162752/https://offshore-technology.com/marketdata/rosebank-conventional-oil-field-uk-2/. Archived from the original on 29 March 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://doi.org/10.1144/M52-2018-42 https://dro.dur.ac.uk/29891/2/29891.pdf?DDD15+, https://doi.org/10.1144/M52-2018-42.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230731062945/http://www.standard.co.uk/news/environment/government-grant-shapps-keir-starmer-south-ruislip-graham-stuart-b1097642.html. Archived from the original on 31 July 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://web.archive.org/web/20230927144918/https://www.theguardian.com/environment/2023/sep/27/rosebank-oilfield-uk-climate-plans-analysis. Archived from the original on 27 September 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ https://twitter.com/DrSimEvans/status/1706932070616858832.
{{cite web}}: Missing or empty|title=(help) - ↑ 17.0 17.1 (PDF) https://web.archive.org/web/20221006200704/https://cdn.sanity.io/files/h61q9gi9/global/cd90f1d4187d3b71e4ee5423e5ecc91f0c57809d.pdf?20220812-rosebank-environmental-statement.pdf. Archived from the original (PDF) on 06 October 2022.
{{cite web}}: Check date values in:|archive-date=(help); Missing or empty|title=(help) - ↑ https://doi.org/10.1144/M52-2018-42.
{{cite web}}: Missing or empty|title=(help) - ↑ (PDF) https://web.archive.org/web/20230519040849/https://cdn.equinor.com/files/h61q9gi9/global/82db5b47a4020677d7be49578ed3970ba00f1ac3.pdf?20220812-rosebank-project-summary.pdf. Archived from the original (PDF) on 19 May 2023.
{{cite web}}: Missing or empty|title=(help) - ↑ 20.0 20.1 , https://www.chevron.com/-/media/chevron/worldwide/documents/rosebank-fact-sheet.pdf , https://expronews.com/developmentandproduction/firing-up-the-development-of-six-ukcs-fields-a-reality-check/#more https://www.arcgis.com/apps/webappviewer/index.html?id=f4b1ea5802944a55aa4a9df0184205a5 , https://www.chevron.com/-/media/chevron/worldwide/documents/rosebank-fact-sheet.pdf , https://expronews.com/developmentandproduction/firing-up-the-development-of-six-ukcs-fields-a-reality-check/#more.
{{cite web}}: Check|url=value (help); Missing or empty|title=(help) - ↑ 21.0 21.1 Cite error: Invalid
<ref>tag; no text was provided for refs named:3 - ↑ 22.0 22.1 22.2 Cite error: Invalid
<ref>tag; no text was provided for refs named:0 - ↑ Andrew Dykes (2022-08-05). "Up to 1,600 jobs expected from £8bn Rosebank megaproject". Energy Voice. Retrieved 2022-08-31.
- ↑ "Rosebank Oil and Gas Field, Shetland Islands". Offshore Technology. August 1, 2012. Retrieved August 30, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ "https://www.equinor.com/news/archive/equinor-sets-new-timeline-for-rosebank-project". www.equinor.com. Retrieved 2022-08-31.
{{cite web}}: External link in|title= - ↑ "THE OFFSHORE OIL AND GAS EXPLORATION, PRODUCTION, UNLOADING AND STORAGE (ENVIRONMENTAL IMPACT ASSESSMENT) REGULATIONS 2020" (PDF). UK Government Publishing. August 3, 2022. Retrieved August 30, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ 27.0 27.1 Wood Mackenzie and Voar Energy consultants. "Rosebank: Investing in energy security and powering a just transition" (PDF). Equinor. Retrieved August 30, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ Carmen (November 22, 2021). "Rosebank Conventional Oil Field, UK". Retrieved August 30, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ Daisy Dunne (2022-02-24). "Factcheck: Can new UK oil and gas licences ever be 'climate compatible'? - Carbon Brief". Carbon Brief. Retrieved 2022-08-31.
- ↑ 1st Subsurface - TROVE (March 28, 2022). "Open the taps? How the UK can increase energy security". Youtube. Retrieved August 30, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ Garton-Crosbie, Abbi (August 5, 2022). "Activists vow to fight permit bid for Rosebank oil field off the coast of Shetland". The National. Retrieved August 30, 2022.
{{cite web}}: CS1 maint: url-status (link)
