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Tuesday, October 27, 2026Updated 07:46 UTC

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UK Weighs Scrapping Its Largest Untapped Oilfield With Oil Over $100

Source: OilPrice.com · Oct 27, 2026 00:00 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Britain is deciding whether to drill its largest untapped oilfield in the middle of an oil shock, with Brent above 100 and more than 70% of its oil already coming from abroad. Rosebank, west of Shetland, is an £8.7 billion (~11.6 billion) development that its operator says would pump about 69,000 barrels a day at peak, roughly a tenth of the country’s expected oil output. The production vessel has

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