INDUSTRY body Offshore Energies
Last week, the Norwegian energy giant submitted its environmental statement for the Rosebank development to the authorities.
This has eased fears
Levy earlier this year.
OEUK has described the project as an "exciting development" that "could set new standards" for reducing greenhouse gas emissions."
It predicts the site, if approved, would create £8.1bn of direct investment, of which £6.3bn could go to
Rosebank contains up to 300m barrels of recoverable oil, and is one of the largest untapped discoveries in
This would be roughly equivalent to eight per cent of the
It would also produce about 44m cubic feet of gas (1.2m cubic metres) per day in its first 10 years - enough to supply a city the size of
(c) 2022 City A.M., source