Faroe Islands pegs oil hopes on UK's Rosebank development16 Mar 2025 19:34
«Published 14 March 2025, 10:53
While plans for new oil and gas developments in the UK's North Sea continue to attract opposition from politicians and climate campaigners, two of the region's proposed projects have garnered support in the Faroe Islands in the North-East Atlantic where authorities harbour ambitions of developing an oil industry.
The Faroe Islands is placing its oil and gas hopes on development of the Rosebank and Cambo fields in the UK North Sea, projects that would provide near-field tie-back potential for a series of leads identified in the islands' waters over the past two years, the Faroese Geological Survey told Upstream.
Lying roughly 300 kilometres from the north coast of Scotland and midway between Norway and Iceland, the 18 islands of the Faroes have a total land area of about 1400 square kilometres. However, the islands' maritime zone covers an area of of more than 270,000 square kilometres, with the southern border with the UK lying close to the Rosebank field.
“We hope that Rosebank and Cambo go ahead because it would make the infrastructure come closer to the border and would make us more interesting from a near field perspective,” Barbara Thorsteinsson, geologist at the Faroese Geological Survey told Upstream.
Rosebank lies just 15 kilometres from potential oil leads in the Faroe Islands, a self-governing territory of Denmark, but production at the UK’s largest undeveloped oilfield hangs on the result of a UK government consultation on whether to allow new licenses amid concerns about greenhouse gas emissions.»
https://www.upstreamonline.com/exclusive/faroe-islands-pegs-oil-hopes-on-uks-rosebank-development/2-1-1792383
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