EnQuest is an independent United Kingdom based petroleum exploration and production company. A £4bn investment in a major oil field off Shetland called the Kraken field, and has been given the go-ahead. It is estimated to contain nearly 140m barrels of oil, is majority-owned by Aberdeen-based EnQuest. The construction phase of the project is expected to support 20,000 jobs. This is a great opportunity for the United Kingdom in general because not only opens up considerable job opportunities that would benefit the oil industry in the United Kingdom. The development was approved by the Department of energy and the Climate Change which is a reliable source for the environment. Kraken is located about 125km (77 miles) east of the Shetland Islands. The field, which will consist of 25 wells, is estimated to contain 137 million barrels of oil. Gross peak oil production is expected to be more than 50,000 barrels per day, with first oil production planned for 2016/2017.

http://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-24954495