Equinor plans investment of GBP 80m in Rosebank

The Norwegian oil company says it’s planning to make a larger investment in the British North Sea oil field.

Photo: PR / Equinor / Ole Jørgen Bratland

In February 2020, EnergyWatch spoke with Equinor Anders Opedal in London in connection with the company’s capital markets day – prior to the his appointment as chief executive of the oil company.

At the time, Opedal’s position was executive vice president of technology, projects and drilling, and when asked about Equinor’s plans to decarbonize offshore oil and gas extraction, he mentioned British North Sea field Rosebank as an example of a facility that is tough to electrify on account of its distance to shore.

”But we’ll figure out solutions in time,” he added.

Now it seems Equinor has come up with a way to achieve such development at what is currently one of the UK’s largest untapped fields.

According to media Energy Voice, the group is ready to lay GBP 80m in modifying Knarr, a floating production, storage and offloading vessel.

This money will be used to ensure the ship can operate on low-emission electricity, also supporting a full electrification of Rosebank. The power for Knarr will either be sourced from land of generated offshore; while still unspecified, floating wind has been mentioned.

Rosebank is owned by Equinor (40%), Suncor Energy (40%) and Ithaca Energy (20%).

Vår Energi buys stake in Norwegian North Sea licenses

Norwegian authorities urge Equinor not to close gas-fired power plant

Potential power rationing could carry major consequences for Norway’s gas export

More from EnergyWatch

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Ørsted declines Taiwan tender bid

Quite atypically, the Danish market leader publicly rejects to bid in Taiwan’s solicitation for 3GW offshore wind due to poor framework conditions. The green transformation will wilt if developers build uneconomic projects, says CEO.

Last platform now in position at Tyra site

After completing the voyage from Batam, Indonesia, the process module is now in position in the North Sea. Only one piece is now missing from the reconstruction project at the Tyra site.

Further reading

Related articles

Latest News

See all jobs