Siccar Point puts Cambo on pause after Shell pulls out
Siccar Point Energy has said it is “pausing” the Cambo oil project in the West of Shetland after Shell decided to pull out of the controversial development.
In a statement, Siccar Point Energy, which operates Cambo and holds the remaining 70%, said it cannot now proceed on the originally planned timescale.
Chief executive Jonathan Roger said: “Following Shell’s announcement last week, we are in a position where the Cambo project cannot progress on the originally planned timescale. We are pausing the development while we evaluate next steps.”