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Jackdaw gas field United Kingdom
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Active

This profile is actively maintained

Send feedback on this profile
Download as PDF
By: BankTrack
Created on: 2022-06-08 11:04:56
Last update: 2022-08-01 00:00:00

Contact:

Natasha Ion Climate campaigner


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A gas field platform in the North Sea. Photo: Rossographer via Geograph UK (CC BY SA 2.0)
Take Action!
#StopJackdaw
Sector Oil and Gas Extraction
Location
Status
Planning
Design
Agreement
Construction
Operation
Closure
Decommission

About Jackdaw gas field

The Jackdaw gas field is located in the North Sea, 275 kilometres east of Aberdeen, Scotland. The area is estimated to contain approximately 58 million barrels of oil equivalent (according to Uplift, using Rystad Energy data). Once developed by Shell, the gas field will incorporate four production wells and a 31-kilometre pipeline that leads to Shell's offshore Shearwater platform.

Latest developments

Shell makes FID on Jackdaw

2022-07-25 00:00:00

UK Government approves development of Jackdaw gas field

2022-06-01 00:00:00

Why this profile?

Jackdaw is one of the biggest remaining gas fields in the North Sea, and its high CO2 content makes it an especially polluting field. No project that expands the fossil fuel industry is compatible with the Paris Climate Agreement.

What must happen

Banks should rule out direct financing for the project. Bank financiers should engage with Shell and urge the company to terminate this project, halt its expansion of all fossil fuel extraction and ultimately phase out production in line with the Paris Agreement’s 1.5C goal. In the absence of this, banks should sever ties with Shell.

Impacts

Impact on human rights and communities

Multiple human rights will be violated by Jackdaw, because it is a fossil fuel expansion projects and will therefore contribute to pushing the global temperature rise beyond 1.5C. As such, the human rights to life, water and sanitation, health, food, a healthy environment, an adequate standard of living, housing, property, culture, self-determination and development will be taken from countless individuals. Climate change caused by the fossil fuel industry particularly threatens the rights of women, indigenous communities and all communities on the frontlines of fossil fuel extraction. In 2021, the International Energy Agency stated there is “no need for investment in new fossil fuel supply in our net zero pathway”.

Impact on climate

Climate-related catastrophes will be exacerbated by Jackdaw, because it represents an expansion of the fossil fuel industry. This is incompatible with limiting the global temperature rise to 1.5C, which is essential to mitigate climate change. Jackdaw is one of the 10 largest remaining gas fields in the North Sea, estimated to contain approximately 58 million barrels of oil equivalent (according to Uplift, using Rystad Energy data). It is a high-pressure, high-temperature (HPHT) gas condensate field with high CO2 content, making it an especially polluting field to develop.

Governance

Applicable norms and standards

Equator Principles
Net-Zero Banking Alliance (NZBA)
OECD Guidelines for Multinational Enterprises
Principles for Responsible Banking (PRB)
The Paris Agreement
UN Guiding Principles on Business and Human Rights

Other applicable regulations

North Sea Transition Deal

Climate Change Committee Sixth Carbon Budget

UK Climate Change Act 

Timeline

Shell makes FID on Jackdaw

2022-07-25 00:00:00

Shell has reached a Final Investment Decision on its Jackdaw gas facility in the North Sea. The project could yield an estimated 6% of the UK's total gas output and is expected to begin production in approximately 2025.

UK Government approves development of Jackdaw gas field

2022-06-01 00:00:00

Following its April 2022 announcement that it was intent on new oil and gas drilling, the UK government has given the green light to Shell’s updated Jackdaw proposal. This is in spite of analysis showing that Jackdaw’s high emissions will not be sufficiently mitigated, not to mention the successful 2021 campaign against the Cambo North Sea oil field, a project that Shell was involved in. Several major UK fossil fuel projects have been approved since COP26 concluded in late 2021.

OPRED rejects Jackdaw development plans

2021-10-07 00:00:00

The UK's Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) has rejected Shell's Jackdaw development plans and the associated environmental statement. OPRED has cited the project’s “significant effect” on the climate, were it to go ahead.

Dutch court orders Shell to reduce CO2 emissions

2021-05-26 00:00:00

A landmark court case brought against Shell by Friends of the Earth and more than 17,000 co-plaintiffs has ruled against the defendant. Shell has been ordered to reduce its total CO2 emissions – including those resulting from the burning of the fossil fuels it produces – by 45% by the end of 2030, compared with 2019 levels. The Dutch court found Shell’s sustainability policy to be insufficiently “concrete”.

Jackdaw gas field discovered

2005-01-10 00:00:00

Found 30 kilometres southeast of Shell's Shearwater platform, the gas field was appraised between 2007 and 2012.

Financiers

Shell may seek to finance its development of the Jackdaw gas field through project finance lending or from its own capital. Between 2016 and 2021, 25 commercial banks financed Shell through lending and bonds issuance underwriting totalling USD 65.62 billion. Recent financing includes:

  • Numerous bonds listed on the New York, London and Zurich stock exchanges with maturity dates up to 2052;
  • A USD 10 billion revolving credit facility and a dual currency USD 7.2 billion and EUR 4.4 billion revolving credit facility.

Shell’s debt totalled USD 89.086 billion as of 31 December 2021. See BankTrack's Dodgy Deal profile on Shell for more information on its financiers.

Related companies

Project sponsor

Shell United Kingdom show profile

Oil and Gas Extraction | LNG Terminal | Pipeline Transportation of Crude Oil | Pipeline Transportation of Natural Gas
Owns 100%

News

| |
Type:
Year:
blog
external news
our news

Greenpeace lodges legal bid to halt Jackdaw gas field in North Sea

2022-07-28 | BBC News
blog
external news
our news

Shell gives final greenlight to Jackdaw gas project in North Sea

2022-07-25 | Reuters
blog
external news
our news

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
blog
external news
our news

Shell's fossil fuels expansion plans for the UK

2022-06-07 | Shell presentation
blog
external news
our news

Jackdaw gas field approval ‘desperate and destructive’

2022-06-07 | ENDS Report
blog
external news
our news

Climate campaigners threaten legal battle after Jackdaw wins final approval

2022-06-06 | Express & Star
blog
external news
our news

Halting Jackdaw gas field

2022-06-03 | The Ecologist
blog
external news
our news

Banks urged to stop funding Shell if it proceeds with Jackdaw gas field

Climate activists have urged banks to sever financial ties with Shell if it goes ahead with plans to develop a controversial new gas field in the North Sea.
2022-06-03 | The Ferret
blog
external news
our news

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
blog
external news
our news

Decision Jackdaw Field Development

2022-06-01 | UK Government
blog
external news
our news

UK government grants Shell new permit to extract gas from Jackdaw field – Greenpeace reaction

2022-06-01 | Greenpeace UK
blog
external news
our news

UK has approved several fossil fuel projects since Cop26, analysis finds

2022-05-19 | Reuters

Documents

Type:
Year:
other documents
2022-06-16 00:00:00

Government approval of the Jackdaw oil field

Publication of decision of the Secretary of State and the Oil and Gas Authority: Jackdaw Field Development
2022-06-16 00:00:00 | UK Secretary of State and Oil and Gas Authority
company documents
2022-02-28 00:00:00

Jackdaw Field Development - Environmental statement

2022-02-28 00:00:00 | Shell
company documents
2021-05-06 00:00:00

Jackdaw Field Development - Environmental statement

2021-05-06 00:00:00 | Genesis Oil and Gas Consultants
correspondence
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift

Links

Stop Jackdaw campaign website

https://www.stopcambo.org.uk/

350 petition: Stop the Jackdaw gas field!

https://act.350.org/sign/stop-jackdaw-gas-field-uk/
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