Cambo Oil Field

Summary Information

• Operator: Ithaca
• Country: United Kingdom
• Location: West of Shetland
• Production start:
• Partners: Ithaca, Shell
• Type: Oil
• Estimated Reserves:
• Production Volume:

Description

• The Cambo field is the second largest undeveloped oil and gas discovery in the UK North Sea, located in the West of Shetland region.
• 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.

Contractors

• Sevan SSP and Sembcorp Marine: Basic engineering for the FPSO

History

• 2002 - Cambo field discovered
• 2017 - Siccar Point became a shareholder after acquiring OMV UK
• 2019 - Sevan awarded basic engineering for the FPSO
• 2022 - MOU signed to collaborate in the electrification of oil fields West of Shetland
• 2022 - Ithaca became operator after acquiring Siccar Point
• 2023 - Ithaca agrees to acquire Shell's 30% stake in Cambo

Geology

• The field is a large basement high with sedimentary sequences atop the structure and sits on the Corona Ridge structural feature.

Links

1. OMV closed the divestment of OMV (U.K.) Limited
2. Sevan SSP and Sembcorp Marine continue engineering work on Siccar Point Cambo
3. West Of Shetland Oil And Gas Field Owners Agree To Explore Electrification Options
4. Ithaca Energy Announces Agreement With Shell To Market Working Interests In Cambo
5. Completion of Acquisition of Siccar Point Energy
6. Ithaca Energy To Acquire Remaining 30% Working Interest In Cambo