Rosebank is a conventional oil development located in deepwater in the UK and is operated by Equinor UK. Discovered in 2004, Rosebank 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.

The project is currently in feed stage and is expected to start commercial production in 2025. Final investment decision (FID) of the project will be approved in 2022. 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 Equinor, Suncor Energy and Siccar Point Energy.

Production from Rosebank

Production from the Rosebank conventional oil development project is expected to begin in 2025 and is forecast to peak in 2028, 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 2049.

Remaining recoverable reserves

The field is expected to recover 368.7 Mmboe, comprised of 325.32 Mmbbl of crude oil & condensate and 260.24 bcf of natural gas reserves.

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About Equinor UK

Equinor UK Ltd (Equinor), formerly Statoil (U.K.) Ltd is an oil and gas company that explores, develops, markets and supplies natural gas and crude oil. The company’s activities include offshore wind, upstream operations, natural gas trading and crude oil sales. It carries out offshore operations to develop various offshore wind technologies and projects. 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..

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.