Rosebank is a conventional oil development located in deepwater in the UK and is operated by Equinor UK. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Rosebank was discovered in 2004, lies in block 205/1a ALL, 205/2a ALL, 213/26a ALL, 213/27a ALL, and 213/26b ALL, with water depth of around 3,889 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2023. The development cost is expected to be $5,050 m. The Rosebank conventional oil development will involve the drilling of approximately 24 wells and includes FPSO, subsea manifold, and subsea trees.
Field participation details
The field is owned by Delek Group, Equinor and Suncor Energy.
Production from Rosebank
Production from the Rosebank conventional oil development project is expected to begin in 2026 and is forecast to peak in 2029, to approximately 92,456 bpd of crude oil and condensate and 74 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2050.
Remaining recoverable reserves
The field is expected to recover 368.70 Mmboe, comprised of 325.32 Mmbbl of crude oil & condensate and 260.24 bcf of natural gas reserves.
Contractors involved in the Rosebank conventional oil field
Some of the key contractors involved in the Rosebank project as follows.
Design/FEED Engineering: Worley and Brookfield Business Partners
Main EPC: Aker Solutions and Dubai World
Other Contractors: Schlumberger, Magnora, Bonheur, Metocean Services International and Proceanic
About Equinor UK
Equinor UK Ltd (Equinor), formerly Statoil (U.K.) Ltd is an oil and gas company that develops, markets and supplies natural gas and crude oil. It carries out offshore operations to develop various offshore wind technologies and projects. The company's activities include offshore wind, upstream operations, natural gas trading and crude oil sales. Statoil UK's wind projects include Sheringham Shoal wind farms, Dogger Bank offshore wind project, Hywind Scotland Pilot Park and Dudgeon wind farms. The company owns oil and gas properties in the UK continental shelf. It trades and markets gas to industrial customers across Europe. The company operates through its office located in Aberdeen, the UK. Equinor is a subsidiary of Statoil ASA and headquartered in London, the UK.
For more details on the Rosebank Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
