The North Sea Transition Authority (NSTA) on Wednesday granted development and production consent for Equinor’s Rosebank project, the UK’s largest untapped oil field with estimated reserves of 300 million barrels.
WoodMac senior research analyst upstream James Reid told Energy Voice it was the highest profile final investment decision (FID) the UK industry had seen in recent years.
Time that NOPTA got the Memo that the UK is now approving new offshore exploration.
The North Sea Transition Authority (NSTA) on Wednesday granted...
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