More than 2,500 jobs are set to be created in Scotland following the announcement of four major North Sea oil and gas projects worth nearly £1 billion.
A total of 1,000 jobs are to be created by the £320 million Magnus oil and gas pipeline from the West Shetland oilfields to the North Sea’s most northerly oil platform on the Magnus oilfield.
There will be new 900 jobs following approval of a £340 million project to develop the Leadon oilfield in the North Sea off the Shetland Islands.
A £210 million investment by BP to develop the Foinaven oilfield will create another 550 jobs and 80 further jobs will be created by Ranger Oil’s £75 million plan to develop the Kyle oilfield.
Jamie Jardine, a spokesman for BP, said the company’s investment in the Foinaven oilfield was part of its plan to invest $4 billion in the UK and Dutch sectors of the North Sea over the next four years.
By Ben Willmott