The decline of the North Sea is a policy decision.
Both the Rosebank and Jackdaw oil and gas fields have had a chequered history. Both were discovered in the mid-2000s and were initially approved for development in 2023 and 2022, respectively. But the approvals were overturned...
The Energy Secretary is understood to be resisting the development of Rosebank, the UK’s largest untapped oil field, estimated to contain up to 300 million barrels of oil.
Gas from Rosebank would be used in the UK and contribute to around 1 per cent of national needs.
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