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The floating production storage and offloading (FPSO) unit for Rosebank, Petrojarl Knarr. Photo: Altera/Norske Shell

Here’s why Rosebank is part of the broader energy picture for Britain

We acknowledge there is public debate about our Rosebank oil and gas field in the UK, and we respect the differing views. Nevertheless, we believe there are sound and rational reasons for developing Rosebank. Here, we explain how this project is part of our contribution to energy security, creating jobs for Britain, and reducing CO2 emissions overall. It’s all part of the broader energy picture.

1600 jobs

Estimated peak FTE jobs

Reduced emissions

Refurbished FPSO saves emissions and is electrification-ready

8% of UK oil production

Based on estimated production up to 2030


About Equinor

Equinor is Britain’s leading energy provider, producing the oil and gas needed today, while developing renewable electricity for millions of homes tomorrow. We play a key role in Britain’s energy security, and have done so for 40 years. Now we’re committed to helping the UK achieve a smooth energy transition.

Equinor in the UK

Why do we need Rosebank?

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Find out more about why Rosebank is so important to the UK's energy mix.

Frequently asked questions about Rosebank

Map of Rosebank field location north of Scotland
Map of Rosebank field location north of Scotland

Facts about Rosebank

  • The Rosebank owners are: Equinor (80%) and Ithaca (20%)
  • The Rosebank field is located around 130 kilometres north-west of Shetland in approximately 1100 metres of water
  • The Rosebank field will be developed in two phases with subsea wells tied back to a redeployed Floating Production Storage and Offloading vessel (FPSO)
  • Start-up from Phase 1 is planned in 2026-2027
  • Total recoverable resources from Phase 1 & 2 are estimated at 300 million barrels of oil
  • The Rosebank oil and gas field is being developed in accordance with the North Sea Transition deal, an agreement between the UK government and the offshore industry
  • The Rosebank development has been optimised to reduce carbon emissions and the FPSO will be prepared for future electrification.
  • With electrification, it is estimated that the Rosebank lifetime upstream CO2 intensity would decrease from around 12kg to less than 3kg CO2/boe
  • Rosebank is estimated to create £8.1 billion of total direct investment, of which 78% is likely to be invested in UK-based businesses
  • It is expected to support around 1,600 jobs during the height of the construction phase
  • It will support approx. 450 UK-based jobs throughout the lifetime of the field.

Rosebank: providing energy security and powering a just transition

Download our brochure on the anticipated socio-economic impacts of Rosebank:

We will reduce Rosebank’s emissions through electrification

We are working with our partner Ithaca to develop Rosebank, where we intend to reduce emissions from production, through electrification of the FPSO.

Electrification of Rosebank will be a long-term investment that could drastically cut the carbon emissions caused by using the FPSO’s gas turbines for power.

Using electricity as a power source on Rosebank would result in a reduction in emissions equivalent to taking over 650,000 cars off the road for a year compared with importing 300 million barrels of oil from international sources.

Energy security matters

In recent years, we have seen how quickly concerns about international energy supplies can cause large fluctuations in energy prices.

That's why energy security is so important, and Equinor is helping deliver safe, secure and reliable sources of energy to the United Kingdom and Europe. In fact, we are the largest supplier of energy to Britain.

The Rosebank oil and gas field will be able to produce up to 8% of Britain’s oil leading up to 2030, which is a significant contribution from one field. Furthermore, when Rosebank has been electrified, CO2 emissions from production offshore will be reduced to a fraction of the world average.

Estimated gross value add

£24.1 billion

Estimated gross value add

Total field investment


Total field investment with 78% of this being spent in the UK

Average daily gas production

39 million CFD

Average daily gas production for first 10 years, cubic feet per day

Providing energy security and supporting the UK’s net zero target

The field is being developed as part of the UK Government North Sea Transition deal, and will bring much needed energy security and investment in the UK while supporting the UK’s net zero target.

Supporting a managed energy transition

The field will be developed in two phases with a redeployed, refurbished Floating Production Storage and Offloading vessel (FPSO) tied to a subsea production system.

Start-up from Phase 1 is planned in 2026-2027. Oil will be transported to refineries by shuttle tankers, while gas will be exported through the West of Shetland Pipeline system.

The FPSO will be electrification-ready from day one, to allow it to be powered from shore when technology is qualified and matured, viability is confirmed and necessary regulatory consents are in place. This has the potential to reduce production emissions from Rosebank by over 70%. Before electrification, Rosebank will produce oil at around 12 kg CO2 a barrel, which will reduce to less than 3 kg CO2 after electrification. The North Sea average is currently approx. 20 kg CO2 per barrel.

Investing in the UK

At peak production the annual GVA of the field is estimated to be £2.1 billion, equivalent to 1% of the Scottish GDP. Meanwhile, the development is projected to support nearly 1,600 jobs at its peak.

According to a socioeconomic study based on data and analysis from Wood Mackenzie and Voar Energy, Rosebank is estimated to create GBP 8.1 billion of direct investment, of which GBP 6.3 billion is likely to be invested in UK-based businesses. Over the lifetime of the project, Rosebank will generate a total of GBP 24.1 billion of gross value added (GVA), comprising direct, indirect and induced economic impacts.

Equinor, together with our partners, is working with the supply chain to ensure that a substantial portion of the overall investment comes to Scotland and the UK. With this aim, Equinor held a supplier day in Aberdeen in partnership with EIC in order to increase the number of local suppliers to tender.

Equinor is committed to a just and fair transition. In the UK, the oil and gas industry supports over 270,000 jobs, but the oil and gas sector is in decline. Rosebank is expected to contribute highly skilled jobs, with over 1,600 jobs estimated to be directly generated by the development of the project at the height of the construction phase in Q2 2025. Peak UK-based employment – consisting of nearly 1,200 direct, indirect, and induced jobs – is expected in Q3 2025. Across the lifetime of the field, Rosebank will support significant employment with an average of 450 UK-based full time direct, indirect and induced jobs.

Equinor is also working to help develop the skills needed to continue oil and gas development but also to build the workforce of the future to work in our offshore wind farms and other low carbon solutions business.

Downloads and documentation about Rosebank

Please note: Equinor acquired Suncor Energy UK in March 2023 , with the transaction being closed on 30 June. Some of the documents below pre-date this transaction, and therefore make reference to Suncor Energy. Equinor now holds an 80% stake in Rosebank.