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Rosebank: How does it align with Equinor's net zero 2050 vision?

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The UK's largest untapped oil and gas field has been given the green light by the regulator, despite warnings about the climate damage of new fossil fuel projects.

Rosebank, 80 miles west of Shetland, contains around 300 million barrels of oil and is the UK's last major undeveloped oil site - twice the size of the controversial Cambo oil field.

Equinor, the Norwegian state oil company leading the project and Ithaca Energy expect to start production in late 2026. They say it could pump 69,000 barrels of oil a day at its peak - equating to about 8% of the UK's daily output - and 44 million cubic feet of gas a day.

Sky's Ian King presses a senior vice president from Equinor, Arne Gurtner, on the oil field go ahead and how it aligns with their future plans to become net zero.

Read more: https://news.sky.com/story/untapped-rosebank-oil-and-gas-field-north-of-scotland-approved-for-development-amid-row-over-climate-damage-12893255

#rosebank #climate #oilandgas

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