Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
The North Sea Transition Authority has awarded the extension to the development, with licences having been due to expire tomorrow.
In a statement, Siccar Point Energy said: “Siccar Point Energy and joint venture partner Shell have been awarded a 2-year licence extension for the Cambo field from the North Sea Transition Authority (formerly the Oil and Gas Authority).
“Siccar Point continues to work with its co-venturer Shell and the UK government to map out the next steps on Cambo.”
You can read the full article on Energy Voice here.
Siccar Point and Shell handed extension to Cambo licences