London revives oil in the North Sea

London revives oil in the North Sea

2023-09-27 18:43:58

Demonstrators protest against the “development and production” of the Rosebank field on Wednesday in Edinburgh, Scotland. JEFF J MITCHELL/Getty Images via AFP

DECRYPTION – The green light is given for drilling the Rosebank field, to the great dismay of environmentalists.

Correspondent in London

London has just given a serious boost to North Sea oil. The green light was given on Wednesday by the British regulator to “development and production» of the controversial Rosebank field, the sector’s largest project in years. A decision which aroused the ire of environmental defenders, while the government already slowed down last week on its climate commitments.

The North Sea Transition Authority has given approval to Norwegian company Equinor to develop its Rosebank oil and gas project, around 130 kilometers northwest of the Shetland Islands, Scotland. She said she did it after “acceptance of the environmental declaration» of the project and “taking into account considerations linked to the objective of carbon neutrality“. This Rosebank oil and gas field is the largest undeveloped field in the United Kingdom. It is expected to produce around 300 million barrels of oil…

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