SAN RAMON, California – Chevron North Sea has begun front-end engineering and design on the Rosebank oil and gas project in the west of Shetland region.
“The Rosebank project is another important step forward in our strategy to grow profitably in core areas of our upstream business,” said George Kirkland, Chevron’s vice chairman. “Chevron has extensive deepwater capabilities, and the Rosebank project fits well in our portfolio.”
Rosebank is 80 mi (130 km) northwest of the Shetland Islands, in water depths of around 3,700 ft (1,100 m), the deepest of any UK development to date. The project calls for an FPSO, water injection wells, subsea facilities, and a gas export pipeline.
Chevron discovered the field in 2004, and estimates potentially recoverable resources at 240 MMboe.
Partners are Statoil, OMV, and DONG Exploration & Production (UK).