AGCC has welcomed the arrival of the Rosebank FPSO vessel on site to the west of Shetland as pressure is mounting on the government to formally approve the development.
The arrival of the PetroJarl Rosebank at the field marks a major milestone in the project, the largest undeveloped oil and gas field in the UK.
The field is key to North Sea jobs, the UK economy and energy security, but is still going through regulatory processes.
Aberdeen & Grampian Chamber of Commerce Chief Executive Russell Borthwick said: “Despite a protracted regulatory process which remains ongoing, it’s great to see work continuing to bring Rosebank closer to the point of production with the FPSO arriving at the field in recent days.
“Rosebank represents the very best in North Sea engineering capability, a multibillion-pound investment by the developer, major contracts for the UK supply chain and thousands of energy jobs supported throughout the lifetime of the project.
“New North Sea oil and gas development is vital for delivering energy security and economic growth for the UK.
“Rosebank is exactly the sort of at-scale oil and gas project will help tackle the chronic short supply of essential fuels in the UK and across Europe right now and bring more gas into homes from as early as next year. The reality is that Britain still relies on oil and gas for over 70% of our energy needs. While we still need it, we should produce as much of our it as possible from our own waters.
“There’s still a bright future for the North Sea, provided we see the regulatory process moving, the tax regime reformed and a pragmatic approach on how we secure the supply of domestic oil and gas that Britain needs in the years to come.”