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

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.

  • UK considers abandoning Rosebank oilfield due to oil prices over $100 per barrel.
  • Rosebank could produce 69,000 barrels daily, meeting a tenth of UK's oil output.
  • Environmentalists argue burning Rosebank oil would emit 200 million tonnes of CO2.

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