North Sea Oil Dreams Deferred The Rosebank oil field, Britain's largest undeveloped reserve, has been dealt a setback that could delay production by several months.
On April 18, equipment from a Norwegian rig was accidentally dropped into the North Sea, forcing repairs and halting operations at the site. The UK government's enthusiasm for new drilling projects is nothing new.
The fossil fuel lobby has long pressured the administration to allow the exploitation of Rosebank and other sites.