Chevron ‘building momentum’ towards Rosebank sanction

US oil major Chevron is “building momentum” towards a final investment decision (FID) on the North Sea Rosebank project.

Kevin Ricketts, Chevron’s general manager for projects and future growth, said the company was evaluating bids for the construction of a floating production, storage and offloading (FPSO) vessel for the development.

Mr Ricketts said the bids had been “predictable and competitive”, but he would not be drawn on when a FID is likely to be taken.

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