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Equinor warns it may rethink UK investment if North Sea projects are rejected
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Equinor says rejection of new drilling at Rosebank and Jackdaw could prompt a rethink of future UK investment, as the government considers the projects.
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Equinor chief executive Anders Opedal has told the BBC that the company may reconsider future UK investment if new drilling at the Rosebank and Jackdaw fields is rejected. In the interview reported on 6 October, he said Equinor would have to take a hard view in that event, although he remained confident both projects would be approved. His warning concerns a possible future decision, not an investment already withdrawn. [1]
Both projects were approved under the former Conservative government but delayed by a Scottish court ruling after environmental groups challenged how their climate impacts had been considered. A public consultation closed in August, and the final decision rests with Energy Secretary Miatta Fahnbulleh. Adura, a joint venture between Equinor and Shell, operates both fields. [1]
A government spokesperson said the decision would take account of environmental assessments and consultation responses. Uplift executive director Tessa Khan opposes drilling at Rosebank, arguing it would not lower bills and that its oil would overwhelmingly be exported. [1]
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