Rosebank
Case study
Standing as the UK’s largest undeveloped discovery, with over 300 mmboe of recoverable reserves, the Rosebank field will deliver vital energy security to the UK, producing 7% of UK oil production from first oil to 2030, while supporting Net Zero targets.
The project is progressing in line with its multi-year development timeline with first production expected in 2026/27, with material activity completed in 2024, including the completion of the subsea campaign.
The development is expected to lead to £8.5 billion of total direct investment, £6.6 billion likely to be invested in UK-based businesses. To date, the JV partnership has committed over £2.2bn on developing Rosebank, awarding vital contracts across the supply chain. The project is expected to support around 2,000 jobs during the height of the construction phase of the project, and it will continue to support approximately 525 UK-based jobs during the lifetime of the field.
The Rosebank development has been optimised to reduce carbon emissions, in line with the North Sea Transition Deal, with the FPSO designed to be electrification ready when arriving at the field. Material work continues on the redevelopment of the Knarr FPSO, with the vessel docked for refurbishment and preparation for electrification readiness. The Rosebank development has the potential to produce at approximately 3kgCO2/boe – a seventh of the UK average.
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