‘Jackdaw means we pay our mortgages’: relief in Aberdeen over gasfield approval
Summary
Aberdeen, once a wealthy city due to oil and gas, has faced economic decline since 2014, with falling incomes and many empty shops. The UK government recently approved the Jackdaw gasfield project, which offers some hope for local workers by providing jobs and supporting energy supply, despite concerns about climate impact and limited economic recovery.Key Facts
- Aberdeen had the highest number of millionaires in the UK around 2012 due to oil and gas wealth.
- Since 2013, disposable income in Aberdeen has dropped nearly 20%, the largest fall among big UK cities.
- Many oil companies are reducing operations or leaving Aberdeen, including BP planning to sell its North Sea business.
- The Jackdaw gasfield, 150 miles offshore, was recently approved by the UK government to help energy security.
- Jackdaw is expected to provide about 6% of the UK’s gas at its peak but only around 2% of national gas demand for about 10 years.
- Critics say Jackdaw won’t replace lost North Sea jobs since it will be mostly unmanned and remotely operated.
- Oil and gas workers in Aberdeen see Jackdaw as a chance to keep jobs and pay their mortgages for now.
- More than 90% of the UK’s North Sea oil and gas fields have been used up, meaning new projects like Jackdaw are rare.
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