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World Business Report: First broadcast 27/09/2023 14:32 GMT : Rosebank oil field: 300 million barrels of new oil in the UK

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Rosebank oil field: 300 million barrels of new oil in the UK

First broadcast 27/09/2023 14:32 GMT 

First broadcast 27/09/2023 14:32 GMT : Rosebank oil field: 300 million barrels of new oil in the UK

BBC World Service - World Business Report, Rosebank oil field: 300 million barrels of new oil in the UK

The field is expected to start producing oil from 2026

The development of a controversial UK oil field has been given the go-ahead.

Rosebank, which lies about 80 miles north-west of Shetland, has been approved by the UK regulators the North Sea Transition Authority (NSTA). It's going to be one of the largest untapped oil and gas sites in the UK - containing up to 300 million barrels of oil.

(Picture: The largest wind farm installation vessel in the world and wind turbine installed off the coast of Aberdeen. Balmedie, Aberdeenshire, Scotland, UK. Picture credit: Getty Images)

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First broadcast 27/09/2023 14:32 GMT : Rosebank oil field: 300 million barrels of new oil in the UK

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