More than half of the jobs supported by Adura are estimated to be in Scotland, the report states. Mr McCulloch added: “Jackdaw and Rosebank are two of the most important investment decisions now facing the UK. Their impact will be felt well beyond the projects themselves, across the supply chain, the wider economy and the public finances. The UK North Sea still represents a substantial economic prize. Decisions taken now will help determine how much of that value, employment and investment is retained here in Britain.”
The report told how “the UK North Sea is at a pivotal moment”, stressing the sector is still “central to the UK’s economic resilience, energy security and managed transition to Net Zero”. With energy prices having risen, it adds “recent geopolitical turmoil” has highlighted the “importance of access to secure and affordable energy for both British households and businesses”.
Stressing “demand for oil and gas is expected to remain high” for decades to come, the report says the UK “will therefore need a level of supply to meet this significant demand” – either from domestic production or from imports. But imports of lliquified natural gas (LNG) are said to have an emissions impact that is more than three times higher than domestic production.
The decision on the fields would have “significant implications for UK carbon emissions”, Professor Nick Butler, Visiting Professor at King’s College London and a former senior policy adviser to Gordon Brown, insisted “Rosebank and Jackdaw are great projects of which we should be proud”.
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