Statoil is to invest £4.3bn in a North Sea oil field, bringing hundreds of jobs to the north east of Scotland.
The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade.
Statoil expects to start production from Mariner in 2017, pending final approval by the UK authorities.
More than 700 jobs will be created, including 200 onshore posts in Aberdeen.
The field is expected to produce for 30 years, with average production of about 55,000 barrels of oil a day from 2017 to 2020.
The Mariner Field is located on the East Shetland Platform of the UK North Sea, about 150km (93 miles) east of the Shetland Isles.
Choosen excerpts by Job Market Monitor from
via BBC News – Statoil to create 700 jobs in North Sea development.
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