Question reference: S6W-25281
- Asked by: Douglas Lumsden, MSP for North East Scotland, Scottish Conservative and Unionist Party
- Date lodged: 7 February 2024
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Current status: Answered by Mairi McAllan on 4 March 2024
Question
To ask the Scottish Government what assessment it has made of the potential impact on the Scottish economy of the UK Government's decision to grant approval of the Rosebank oil field.
Answer
Offshore oil and gas licensing and the associated fiscal regime are both reserved to the UK Government. The Scottish Government does not undertake detailed assessments of the economic impacts of individual oil and gas field developments.
We are aware that Equinor, as 80% owner of the Rosebank field, has stated that they expect it to create £8.5 billion of total direct investment (of which 77% is expected to be in UK-based businesses).
The Scottish Government recognises, and welcomes, the positive contribution that North Sea oil and gas continues to make to the economy. The answer to question S6W-25271 on 27 February 2024 on includes information on the Gross Value Added by the oil and industry as a whole to Scotland's economy. It is also the case that the North Sea basin is declining and unlimited extraction of fossil fuels is inconsistent with the climate emergency and our just transition commitments.
All answers to written Parliamentary Questions are available on the Parliament's website, the search facility for which can be found at https://www.parliament.scot/chamber-and-committees/written-questions-and-answers .