[UK] Rosebank

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escveritas
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[UK] Rosebank

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Rosebank oil and gas field

Rosebank is an oil and gas field 130 kilometres off the coast of the Shetland Islands. Equinor acquired the operatorship in 2019 and has since then been working to optimise and mature a development solution for the field together with our partners.

Equinor believes the field can be developed as part of the UK Government North Sea Transition deal, bringing much needed energy security and investment in the UK while supporting the UKs net zero target. According to a socioeconomic study (see link below) based on data and analysis by Wood Mackenzie and Voar Energy, if sanctioned Rosebank is estimated to create GBP 8.1 billion of direct investment, of which GBP 6.3 billion is likely to be invested in UK-based businesses. Over the lifetime of the project, Rosebank will generate a total of GBP 24.1 billion of gross value add (GVA), comprised of direct, indirect and induced economic impacts.

Equinor sets new timeline for Rosebank project

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Equinor and its partners today confirmed a new timeline for the Rosebank project on the UK Continental Shelf (UKCS). Following the award of a three-year extension for the Rosebank licences by the UK Oil and Gas Authority, a final investment decision for Rosebank is planned to be taken by May 2022.
“Together with our partners, Suncor and Siccar Point, we are fully focused on bringing this much anticipated UK development to realisation," says Hedda Felin, Equinor’s senior vice president for UK and Ireland offshore.

“We believe there is more value to capture in Rosebank including the opportunity to reduce development cost. There are similarities with other recent projects in Equinor’s portfolio, such as Johan Castberg and Bay du Nord, where we have made significant improvements to the concept approach, particularly in how we design and plan new developments in harsh environments, but also through the application of digitalisation.

“We see that improvements in the concept and planning phase will also support an efficient execution of the project,” Felin continues.

The Rosebank project team has been established and technical and strategic work and studies are underway.

“Equinor is creating significant value in the UK through a broad energy portfolio. Upstream, we have the Mariner field about to start production and now Rosebank, one of the largest undeveloped fields on the UKCS. Combined with our large offshore wind portfolio and our natural gas and oil supplies, these strengthen our position as a key energy partner of the UK,” says Torgrim Reitan, executive vice president for Development and Production International in Equinor.

An extension for a period of three years has been awarded for Licences P1026, P1191 and P1272.

The Rosebank field was discovered in 2004 and lies about 130 km northwest of the Shetland Islands in water depths of approximately 1,110m.
  • Equinor holds a 40% operated interest in the Rosebank project. The other partners are Suncor Energy (40%) and Siccar Point Energy (20%).
  • Equinor is the largest supplier of crude oil to the UK and the largest supplier of natural gas. Equinor’s gas supplies meet more than 25% of UK demand, enough to heat or power 8 million British homes and businesses every year.
  • Equinor’s operated offshore wind farms (Sheringham Shoal, Dudgeon and Hywind Scotland) together supply electricity to 650,000 UK homes. Hywind Scotland is the first floating offshore wind park in the world and is partnered with Batwind, the world’s first battery for offshore wind.
  • Equinor is currently developing Mariner, one of the largest upstream investments in the UK in recent years – a gross investment of more than GBP 4.5 billion.
  • Equinor is one of the most active explorers in the UK, with 5 exploration wells in 2019.

  • Equinor, with its partner SSE, is developing the Dogger Bank offshore wind project which has the potential to provide around 10% of the UK’s total electricity needs. Once fully developed it will be one of the largest offshore wind farms in the world.
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Re: [UK] Rosebank

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The Rosebank Project

Rosebank is located approximately 80 miles (130 kilometres) northwest of the Shetland Islands in water depths of approximately 3,600 feet (1,100 metres). The project, which is operated by Chevron, has the potential to unlock a region that holds a significant portion of the U.K.’s undeveloped oil and gas resources.

The Rosebank project is a joint venture between Chevron North Sea Limited with a 40 percent equity interest: OMV (U.K.) Limited (50 percent) and DONG E&P (UK) Limited (10 percent).

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The field lies in an area known as West of Shetland — a region geographically closer to the North Atlantic than the North Sea — located on the edge of the U.K. continental shelf. It’s a uniquely challenging deepwater environment in which to operate that is largely undeveloped, with a low level of infrastructure, but is potentially one of the last, great resource areas for the U.K. Rosebank was discovered in 2004, in Blocks 213/26 and 213/27. At the end of 2013 proved reserves had not been recognized for this project.

In July 2012, Chevron and its Rosebank joint venture participants reached an important milestone as the project entered into the Front End Engineering and Design (FEED) phase. The project will include a Floating Production, Storage and Offloading (FPSO) vessel, production and water injection wells, subsea facilities and a gas export pipeline. The Co-Venturers continue to assess alternatives for the optimum development of the Rosebank field.

In April 2013 Hyundai Heavy Industries (HHI) was awarded a staged contract for the design verification, detailed design, and full Engineering, Procurement and Construction (EPC) for the FPSO. Proceeding to the full EPC element will be dependent on Rosebank project approvals from the UK government, and Final Investment Decision (FID) approval by the Co-Venturers. In July 2013, a subsea equipment vendor contract was awarded to OneSubsea UK Limited, for the engineering, supply and manufacture of subsea manifolds, subsea trees, and subsea control systems. Equipment manufacture will take place in the U.K.

As a large resource project Rosebank has the potential to provide the U.K. with greater energy security and significant economic benefits such
as employment, government revenue and local business opportunities.

Final commitment to the Rosebank project is subject to receiving U.K. government approval, and the Rosebank Co-venturers approving FID.

Proposed Gas Pipeline Route

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The gas pipeline will run in a south-east direction from the Rosebank field for approximately 147 miles (236 kilometres), before tying into the SIRGE
pipeline in the central North Sea, which transports gas to the UK onshore St. Fergus gas terminal near Peterhead, Scotland.

Rosebank FPSO
  • Length around 295 metres
  • Beam around 57.4 metres
  • Oil cargo tanks storage capacity approximately 1.1 million barrels
Bollsta Dolphin Drilling Rig

In October 2012, a contract was awarded to Dolphin Drilling for the Bollsta Dolphin drilling rig which will carry out development drilling for Rosebank. The Bollsta Dolphin MODU will be a new, sixth generation, dynamically positioned, semi-submersible rig, specifically designed for safe and efficient drilling and completion operations in deep water, and harsh conditions.
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Re: [UK] Rosebank

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Wood Group to design Rosebank export facilities

Chevron North Sea has contracted Wood Group Kenny to provide front-end engineering design (FEED) for the Rosebank field gas export pipeline west of Shetland.

ABERDEEN, UK – Chevron North Sea has contracted Wood Group Kenny to provide front-end engineering design (FEED) for the Rosebank field gas export pipeline west of Shetland.

Rosebank is northwest of the Total-operated Laggan-Tormore gas fields, but in a harsher environment and in much deeper water (1,100 m or 3,609 ft).

Wood Group Kenny will take on initial pre-FEED option selection studies, FEED and early procurement support for the 230-km (143-mi) pipeline, and structural designs for a deepwater pipeline end manifold (PLEM).

The pipeline will connect directly to the Shetland Islands Regional Gas Export line serving Laggan-Tormore, with the gas then heading through another new pipeline southeast to St. Fergus, north of Aberdeen.

Chevron operates Rosebank in partnership with Statoil, OMV, and DONG Exploration & Production.
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Re: [UK] Rosebank

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Petrojarl Knarr selected vessel for the Rosebank field

9 jan 2023

Altera Infrastructure has announced that Altera Infrastructure has signed a bareboat charter contract with Equinor for the redeployment of the Petrojarl Knarr FPSO to the Rosebank field, west of Shetland.

The Petrojarl Knarr FPSO is a vessel perfectly suited for redeployment in harsh waters. It is a relatively new and modern asset, and it was constructed to allow for electrification which would reduce operational CO2 emissions as well as additional features such as vapor recovery system and closed flare on the FPSO. The vessel has available space allocated for electrical equipment in both its mooring turret and on deck.

Chris Brett, President Altera Infrastructure Production; “We thank Equinor for putting their confidence in Altera and look forward to demonstrating our deep competence in harsh environment FPSOs and the latest emission reduction solutions available. Altera has an unrivaled track record in the operation of harsh environment FPSOs and we look forward to continuing our long presence in the West of Shetlands area through this premier development for the Rosebank Partners and to getting started on the project execution phase together with our key partners in Aker Solutions and Drydocks World Dubai.”

The vessel is planned to undergo life extension work as well as modifications to enhance energy efficiency for electrification, located at Drydocks World in Dubai. Petrojarl Knarr was built by Samsung Heavy Industries in South Korea and delivered in 2014. It has been operating on the Knarr field since 2015 until May 2022. Rosebank project development plans are pending final investment decision and regulatory approvals.
“Altera’s vision is to lead the industry to a sustainable future – and this will be an important partnership with Equinor on what is to be the most sophisticated redeployment for our industry. By working together, we believe we can make a meaningful impact on the future of the industry and deliver a good solution for the next decades on the Rosebank field”

Ingvild Sæther, CEO, Altera Infrastructure
About the field

Rosebank is an oil and gas field in the UK located about 130 kilometers off the coast of the Shetland Islands in the UK, which has an estimated 300 million bbl of potentially recoverable reserves. Equinor acquired operatorship of Rosebank in 2019 and has since been working to optimize and mature a development solution for the field, originally discovered in 2004, together with partners Suncor and Ithaca Energy.
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Re: [UK] Rosebank

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Aker Solutions Wins Rosebank FPSO Contract from Altera Infrastructure

9 Jan 2023

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Aker Solutions has been awarded a substantial[1] contract from Altera Infrastructure for the complete upgrade of the Petrojarl Knarr floating production storage and offloading vessel (FPSO) to be redeployed at Equinor’s Rosebank field development, offshore UK. The selected development concept for the Rosebank field includes redeployment and reuse of the existing Petrojarl Knarr FPSO owned by Altera.

The work will be performed in a joint venture (JV) with Drydocks World-Dubai, and the upgrade will take place at the company’s yard in Dubai, UAE. The Engineering, Procurement and Construction (EPC) contract is a combination of work with new build, demolition and life extension (hull, marine systems and topsides) required for the FPSO to be kept on the field for 25 years without drydocking. The detail design will be done in Norway by Aker Solutions in collaboration with Citec Norway AS, ABB Norway AS, OneSubsea Processing AS.

The EPC work is planned to start up during the first half of 2023 and is scheduled to be completed at end-2025. The Petrojarl Knarr FPSO was transported to Aker Solutions yard at Stord in August 2022 and will be stored there until the planned tow to Dubai during the second half of 2023.

“We are pleased to have been selected by Altera Infrastructure for this important field development project by Equinor and partners at Rosebank. We will execute this project together with our long-standing partner Drydocks World-Dubai, and we are looking very much forward to continuing our long-term relationship. Collaboration and partnerships are core to Aker Solutions’ strategy and to how we work. It also enables us to handle capacity in the most safe and efficient way, with a strong focus on solutions that reduce emissions,” said Sturla Magnus, executive vice president and head of Aker Solutions' topside and facilities business.

Aker Solutions expects to book an order intake of around NOK 2.5 billion related to this contract in the first quarter of 2023 in the Renewables and Field Development segment, pending final investment decision and regulatory approvals. This order intake would reflect Aker Solutions part of the JV’s scope.
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Re: [UK] Rosebank

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Rosebank field to progress in the UK

Equinor and Ithaca Energy have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS), investing USD 3.8 billion.

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The North Sea Transition Authority (NSTA) granted consent for the development of the field on 27 September.

“Developing the Rosebank field will allow us to grow our position as a broad energy partner to the UK, while optimising our oil and gas portfolio, and increasing energy supply in Europe. Rosebank provides an opportunity to develop a field within the UK Continental Shelf which will bring significant benefits to Scotland and the wider UK,” says Geir Tungesvik, executive vice president Projects, Drilling and Procurement at Equinor.

The Rosebank field is located around 130 kilometres north-west of Shetland in approximately 1,100 metres of water depth. Total recoverable resources are estimated at around 300 million barrels of oil, with Phase 1 targeting estimated 245 million barrels of oil.

The field will be developed with subsea wells tied back to a redeployed Floating Production Storage and Offloading vessel (FPSO), with start-up planned in 2026-2027. Oil will be transported to refineries by shuttle tankers, while gas will be exported through the West of Shetland Pipeline system to mainland Scotland.

“We are pleased to move forward with the Rosebank field together with Ithaca Energy,” says Philippe Mathieu, executive vice president for Exploration and Production International.

“This development further strengthens our international business, and we look forward to collaborating closely with our partner and suppliers to develop and operate Rosebank with the lowest possible carbon footprint while bringing the maximum value to society in the shape of UK investment, local jobs and energy security,” says Mathieu.

The Rosebank oil and gas field is being developed in compliance with the North Sea Transition Deal, an agreement between the UK government and the offshore industry. It acknowledges that whilst there is a continued, though over time reducing need for oil and gas, the remaining demand for oil and gas must be met with the lowest emissions possible.

The FPSO has been designed to be electrification-ready and Equinor is collaborating with government and industry to pursue a regional solution for power from shore to Rosebank and nearby fields to minimise carbon emissions from production.

According to an independent socioeconomic report by Wood Mackenzie and Voar Energy, Rosebank is estimated to create £8.1 billion of total direct investment over the lifetime of the field, of which 78% is likely to be invested in UK-based businesses. It is expected to support around 1,600 jobs during the height of the construction phase of the project, and it will continue to support approx. 450 UK-based jobs during the lifetime of the field.

"We know that the world needs to transition to new, cleaner energy systems and our broad energy investments into the UK support this. And while we do this there is going to be a continued need for oil and gas, which currently meets 76% of the UK’s energy needs. Our decision to progress the Rosebank development is the result of work and collaboration by our employees, partners, government, regulators, and other stakeholders to ensure that this development is able to help meet this ongoing need, with the lowest carbon footprint possible,” says Arne Gürtner, senior vice president Upstream at Equinor in the UK.

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TechnipFMC has been awarded an integrated engineering, procurement, construction and installation (iEPCI™) contract for subsea production systems, umbilicals, risers and flowlines with an estimated value of around USD 500 million for the local content part. TechnipFMC has estimated that more than half of the contract value will be generated from local activities across the UK, with a large portion in Scotland.

Project management and engineering activities will be performed mainly from Aberdeen and tree systems will be manufactured in Dunfermline. Umbilicals will be produced in Newcastle, pipelines will be fabricated in Evanton and the main vessel mobilisation site will also be in the UK. In addition, several other fabrication sites in the UK will contribute to the project.

Odfjell Drilling has been awarded a rig contract, with an estimated value of USD 328 million including integrated services, modifications and options. The Deepsea Atlantic mobile rig is scheduled to start a seven-well drilling campaign in the second quarter of 2025, and in addition four single well options are included.

Altera has been awarded a bareboat charter and an operations and maintenance contract related to the Petrojarl Knarr FPSO which is set to be deployed on the Rosebank field on a firm contract for nine years, and options up to a total of 25 years.

Equinor has been a reliable energy partner to the UK for 40 years, providing a stable supply of oil and gas, developing the UK’s offshore wind industry, and pioneering solutions to decarbonise the UK economy.

Today, Equinor supplies 29% of the UK’s gas, and 15% of the UK’s oil. Equinor is currently working with government in developing plans to invest over £10 billion in the UK by 2030, in total creating over 5,000 high-quality jobs. For every £1 we plan to invest in the UK in oil and gas we aim to spend over £2 in renewables, CO2 capture and storage, and hydrogen.
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