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The Rosebank oil and gas field lies west of Shetland. [ 1][ 2] It is operated by Equinor; Suncor and Siccar Point Energy. [ 1] The discovery well was drilled in 2004. A final investment decision for Rosebank was planned to be taken by May 2022. [ 1] In 2022, Siccar Point Energy was acquired by Ithaca Energy, a daughter company of Delek Group.
The company acquired Siccar Point Energy for $1.5 billion, giving it stakes in the Rosebank oil and gas field and the Cambo oil field, in July 2022. [8] [9] The company was the subject of an initial public offering on the London Stock Exchange in November 2022. [10] [11] [12] Delek Group still retains in excess of 75% ownership and voting ...
Cambo oil field. / 60.800°N 4.117°W / 60.800; -4.117. Cambo oil field is a prospective oil and gas field in the North Atlantic, 125 kilometres (78 mi) north west of the Shetland Islands, United Kingdom. The field is in a deep section of water, some 3,440–3,610 feet (1,050–1,100 m) below sea level. Development of the field has led ...
The largest field in the North Sea area could produce more than 450 million barrels of oil between now and 2051 if the project gets the go-ahead. Government refuses to commit to blocking Rosebank ...
The Scottish Greens said the proposed North Sea oil field is a ‘climate disaster waiting to happen’. UK Government urged to reject ‘climate-wrecking’ Rosebank oil field plans Skip to main ...
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Technical information. Length. 188 km (117 mi) Maximum discharge. 1.8 billion cubic meters per year. The West of Shetland Pipeline ( WOSP) is a pipeline system which transports natural gas from three offshore fields in the West of Shetland area to Sullom Voe Terminal in the Shetland Isles of Scotland .
The UK Government said the development would create hundreds of jobs and contribute billions of pounds to the economy.