Norwegian energy giant Equinor has taken a step forward with its planned Rosebank development in UK waters with the submission of key environmental documents to regulators.

A final investment decision on the first phase of Rosebank is planned for February 2023, an environmental statement handed in to the Offshore Petroleum Regulator for Environment & Decommissioning on Thursday showed.

Production is expected to begin in the final quarter of 2026 at rates of about 19,000 barrels per day of oil and 500,000 cubic metres per day of gas before ramping up in the following years to peak rates of about 70,000 barrels per day of oil and 1.7