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UK risks being 'uninvestable' if new oil and gas fields not approved, warns Equinor

Equinor warns it may shun further investments in the UK if new oil and gas fields at Rosebank and Jackdaw are not approved.

Tarun Mottlia

Via BBC News

·Excerpt
UK risks being 'uninvestable' if new oil and gas fields not approved, warns Equinor
Image: Image caption, Anders Opedal said Equinor would have to take "a hard view" about future investments in the UK if it were to reject new drilling

Rising energy prices have prompted renewed debate over the UK's energy security, with UK production forecast to halve by 2035.

The UK already relies on Norway for half of its gas needs, and the Norwegian government has continued to issue new licences for oil and gas exploration in its own North Sea waters.

Equinor has predicted production will remain at current levels until the middle of the next decade.

Opedal said he remained confident that Prime Minister Andy Burnham's talk…

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