Cambo

The Cambo Field

The Cambo field is the second largest undeveloped oil and gas discovery in the UK North Sea, located in the West of Shetland region. The Cambo field is located approximately 80 miles west of the Shetland Islands, approximately 20 miles south from Rosebank, and approximately 20 miles north from Schiehallion. Discovered in 2002, the field is a large basement high with sedimentary sequences atop the structure and sits on the Corona Ridge structural feature. Ithaca Energy holds a 100.0% operated interest in the field, acquired through its acquisition of Siccar Point Energy in June 2022, and through the acquisition of the remaining 30.0% interest from with Shell completed in November 2023. The acquisition of the remaining stake provides Ithaca Energy will full control over the progression and timing of the future development of Cambo.

Cambo will be developed using a purpose-built Sevan FPSO. Modern equipment designed to operate without the need for routine flaring or venting of hydrocarbons will be used to reduce emissions. When production commences, the field is expected to produce less than half of the amount of CO2 for each barrel produced than the average UK field. The development will be built electrification-ready.

Environmental Statement

As required under the Offshore Oil and Gas Exploration, Production, Unloading and Storage (Environmental Impact Assessment) Regulation 2020, an Environmental Statement was developed and formally issued to BEIS. Click here to view the Environmental Statement and Click here for the project summary.