The PetroJarl Rosebank FPSO vessel has arrived on site to the west of Shetland, marking a major milestone in production generation goals from one of the largest undeveloped oil and gas field in the United Kingdom.

Once regulatory processes are cleared and formal government approval are in place, the field is considered significant to North Sea jobs, the UK economy and energy security. 

Welcoming the arrival, Russell Borthwick, Chief Executive of Aberdeen & Grampian Chamber of Commerce, said, “Despite a protracted regulatory process which remains ongoing, it’s great to see work continuing to bring Rosebank closer to the point of production with the FPSO arriving at the field in recent days.

“Rosebank represents the very best in North Sea engineering capability, a multibillion-pound investment by the developer, major contracts for the UK supply chain and thousands of energy jobs supported throughout the lifetime of the project.

“New North Sea oil and gas development is vital for delivering energy security and economic growth for the UK.

“Rosebank is exactly the sort of at-scale oil and gas project will help tackle the chronic short supply of essential fuels in the UK and across Europe right now and bring more gas into homes from as early as next year. The reality is that Britain still relies on oil and gas for over 70% of our energy needs. While we still need it, we should produce as much of our it as possible from our own waters.

“There’s still a bright future for the North Sea, provided we see the regulatory process moving, the tax regime reformed and a pragmatic approach on how we secure the supply of domestic oil and gas that Britain needs in the years to come.”