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The field is located 80 miles west of shetland, and is thought to contain 500 Million Barrels of oil, which makes it the uks largest untapped oil field. But the plan has faced widespread criticism. Last month 50 mps and peers from all major parties raised concerns the oil field could produce 200m tonnes of carbon dioxide. Craig macmahon is Senior Vice President for research at the Energy Consultancy wood mackenzie. I asked him what this means for the uk as an oil producer. The scale of rosebank in a uk perspective is not insignificant. On a global perspective, its much, much smaller. So at peak production levels, maybe in about 2027, 2028, we would expect production between maybe 60,000 and 70,000 barrels per day. If you put that into perspective, i mean, currently oil demand sits at 101 Million Barrels per day on the global scale. So that is to say that rosebank will ultimately contribute significantly less than 0. 1 of supply. From the uk perspective, though, its slightly different.

Private travis kingNorth koreaCost of livingMental healthBusiness newsProduction approvalIthaca energyRosebank offshore developmentOil field500 millionCraig macmahonVice presidentCarbon dioxideOil producerEnergy consultancy wood mackenziePeak production levels