News of the Rosebank oil and gas field exploration project getting the go-ahead could be promising for consultants. While it is early days, job offers are slowly coming to market. We highlight which companies have already been granted contracts
Regulators have approved the new Rosebank oil and gas development – signalling job and business opportunities for the UK’s highly skilled oil and gas freelance workforce.
- Regulators grant consent for new Rosebank development in North Sea
- Boost to UK energy security and economy with a direct investment of over £8 billion to provide, according to Equinor estimates, nearly 1,600 jobs at the project’s peak
- The go-ahead follows extensive scrutiny by regulators
The decision to greenlight the project is dual-pronged: to create more jobs and funding for the British government and economy while also becoming more energy self-sufficient. Ithaca Energy and Equinor according to news reports plan to invest £3.1bn in the project’s first phase of development. The UK gets 29% of its gas and 15% of its oil from Equinor, a Norwegian energy resources company.
“The jobs and billions of pounds this is worth to our economy will enable us to have greater energy independence, making us more secure against tyrants like Putin,” says Energy Security Secretary Claire Coutinho.
“We will continue to back the UK’s oil and gas industry to underpin our energy security, grow our economy and help us deliver the transition to cheaper, cleaner energy,” says Coutinho.
Chancellor of the Exchequer Jeremy Hunt said:
We are accelerating renewables and nuclear power, but will still need oil and gas for decades to come – so let’s get more of what we need from within British waters.
Rosebank has been a huge untapped resource and now this investment will bring in billions of pounds into our economy to help secure our future energy supply.
With this decision, we’re giving investors the confidence they need to invest here, produce here, export from here – and secure thousands of jobs for Britain’s workers.
However, some MPs question just how much Britain will benefit.
“The Scottish Government has long expressed our concern about Rosebank being given the go-ahead, as the majority of what is extracted will go overseas and not necessarily contribute to our domestic energy security,” says Scotland’s Energy Secretary Neil Gray, according to an Insider.co.uk report.
“We are therefore disappointed that approval has been given by the UK Government while these concerns remain unaddressed,” says Gray.
According to Wood Mackenzie and Voar Energy, The Rosebank project is estimated to create £8.1 billion of total direct investment over the lifetime of the field, of which 78% is likely to be invested in UK-based businesses. It is expected to support around 1,600 jobs during the height of the construction phase of the project, and it will continue to support approx. 450 UK-based jobs during the lifetime of the field.
Rosebank contracts have been granted to the following companies:
The firm has been awarded an integrated engineering, procurement, construction and installation (iEPCI™) contract for subsea production systems, umbilicals, risers and flowlines with an estimated value of around USD 500 million for the local content part. TechnipFMC has estimated that more than half of the contract value will be generated from local activities across the UK, with a large portion in Scotland.
Project management and engineering activities will be performed mainly from Aberdeen and tree systems will be manufactured in Dunfermline. Umbilicals will be produced in Newcastle, pipelines will be fabricated in Evanton and the main vessel mobilisation site will also be in the UK. In addition, several other fabrication sites in the UK will contribute to the project.
Odfjell has been awarded a rig contract, with an estimated value of USD 328 million including integrated services, modifications and options. The Deepsea Atlantic mobile rig is scheduled to start a seven-well drilling campaign in the second quarter of 2025, and in addition, four single-well options are included.
See some of the job offerings here.
The company warns that some people have received false job offers claimed to be from Odfjell Drilling. Please be aware that Odfjell Drilling never sends unsolicited job offers via email. Odfjell Drilling’s recruitment policy ensures that all suitable candidates are interviewed in person prior to any job offer being made. Offers of employment are only made to candidates who have applied on our website via the Careers link.
The company urges people to ignore any unsolicited job offers and not disclose any personal or financial details. If you receive an email with a suspected fraudulent job offer, they ask that you contact your local police with all relevant details including any correspondence from the sender.
Altera has been awarded a bareboat charter and an operations and maintenance contract related to the Petrojarl Knarr FPSO which is set to be deployed on the Rosebank field on a firm contract for nine years, and options up to a total of 25 years.