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.