Norway's state-controlled Equinor on Aug. 5 published plans to develop the 350 million-barrel Rosebank project in the West of Shetland deepwater area, potentially the largest UK oil development in years with a GBP8.1 billion ($9.8 billion) price tag. The company, which took over as operator of the Rosebank license from Chevron in 2019, released its plans as it submitted an environmental statement to UK authorities ahead of a potential final investment decision in 2023.
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