27 September 2023 at 08:13 Great Britain approves development of the Rosebank field off Shetland British authorities have approved the development of and production from the large Rosebank oil and gas field northwest of the Shetland Islands. Reuters reports. It is Norwegian Equinor that will develop and produce from the field together with British Ithaca Energy. Together, they will invest 3.8 billion dollars in the field in the first phase. The development of the field has been controversial. – Rosebank is owned by Equinor, which in turn is part-owned by the Norwegian state. This is a transfer of money and welfare from Great Britain to Norway, said local politician Alex Armitage of the Scottish Greens to news in July. Rosebank is referred to as Britain’s largest undeveloped oil and gas field. The calculated size is 300 million barrels, which according to Equinor corresponds to approximately one tenth of the Norwegian Johan Sverdrup field.
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