Adura has submitted responses to a request for further information from the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) for both the Jackdaw and Rosebank fields.
The two projects, which are at an advanced stage of development and construction – with over £3 billion invested to date – require reconfirmation of regulatory approval before production can commence.
Jackdaw and Rosebank are nationally significant projects in terms of economic growth, sustaining and creating jobs and apprenticeships and generating substantial tax revenues to support government spending priorities. Combined, they are anticipated to support:
- GVA of £28.7 billion – spanning direct and supply chain activity throughout their producing lifespan, with the majority of this value delivered in Scotland.
- £1.4 billion in tax revenues generated before the end of this parliament, and a total of £3.8 billion before the expected end of the next parliament in 2034.
- Over £720 million in tax revenues per annum at peak production.
- 3,500 jobs at peak construction.
- 880 high-quality, well-paid jobs sustained throughout production in communities across the UK and 125 apprenticeships.
On energy security, Jackdaw and Rosebank can make up 10% of UK natural gas production combined. Jackdaw alone could provide over 6% of UK gas supply by this winter – enough to heat 1.4 million homes. Rosebank could represent 4% of UK gas production and 10% of oil production from the UK Continental Shelf (UKCS), making a significant contribution to security of supply in North West Europe for refined products such as jet fuel and motor fuels.
Oil and gas still supply around 75% of the UK’s energy needs today. Without consent for both Rosebank and Jackdaw, the UK will be required to source the equivalent volume from international markets with greater geopolitical exposure and higher carbon intensity, on average, than oil and gas produced from UK waters with its associated benefits of good jobs, tax revenues and wider economic impacts. Across Adura’s portfolio, including Jackdaw, Rosebank and new developments, average production emissions intensity could be as little as half the UKCS average and around eight times lower than emissions intensity associated with imported LNG.
The Jackdaw platform is already installed in the North Sea and in the very final stages of preparations for starting up. It is tied-back to the existing Shearwater Hub, using infrastructure already in place to bring gas onshore at St Fergus in Aberdeenshire. The retrofitted Petrojarl Rosebank Floating Production, Storage and Offloading (FPSO) vessel arrived at its location West of Shetland last month.
Neil McCulloch, Adura CEO said:
'The North Sea has helped to power Britain for more than half a century. In Jackdaw and Rosebank we have two advanced projects of national importance that can define the next chapter.
'Today we have submitted our responses to the regulator’s request for further information.
'We do so with great pride in the engineering effort – from Adura, our co-venturer in Rosebank, Ithaca Energy, and a truly world-class energy supply chain – that has positioned Jackdaw and Rosebank ready to make a major contribution to the energy security of Britain and our European neighbours.
'There is a material economic opportunity that has already been realised through multibillion pound investment to reach this point – and can be sustained throughout the production life of both fields, representing thousands of jobs and over £28 billion in added value to the UK economy.
'With timely approval of Jackdaw and Rosebank, Adura can help unlock significant benefits: the energy that Britain needs – at lower associated emissions and within existing carbon budgets – alongside a major economic advantage in the national interest.'
Source: Adura
