LONDON -Equinor’s Rosebank oil and gasoline area within the British North Sea would require capital expenditure of about 4.3 billion kilos ($5.22 billion), Equinor’s UK upstream chief Arne Guertner informed Reuters on Friday.
Forward of a last funding determination deliberate for early subsequent 12 months, Equinor on Thursday submitted an environmental plan for the sector to UK authorities.
Equinor desires to affect the undertaking reasonably than use fossil fuels to energy operations, an method frequent for Norwegian offshore initiatives however not within the British North Sea, which makes the undertaking complicated.
Equinor is speaking with regulators and different producers within the harsh waters of offshore West of Shetland, together with BP and Shell, to create a hub to affect belongings, however no particulars have been determined but.
“It has by no means been carried out within the (UK continental shelf) earlier than. I believe that’s a little bit of a benchmark,” Guertner stated.
“Is it technically troublesome? Sure. Is it commercially troublesome? Sure. So it can require the perfect of us but additionally our friends and companions (to) really make it occur.”
($1 = 0.8235 kilos)
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