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 70.0% operated interest in the field, acquired through its acquisition of Siccar Point Energy in June 2022, with Shell holding a 30.0% non-operated interest.
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.
An application for consent was submitted to the OGA (now NSTA) for the Cambo field development. 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.