Cambo Field Development (Cambo)
Monday 7 June 2021
Siccar Point Energy E&P Limited (SPE) has made an application for consent to the Oil and Gas Authority (“the OGA”) in relation to the above project.
Summary of Project
The Cambo oil field lies within UKCS Blocks 204/4a, 204/5a, 204/9a and 204/10a, in the West of Shetland region. The proposed development footprint is situated in water depths of between 1,050m in the southeast to 1,100m in the northwest within the Faroe-Shetland Channel. The nearest coast line is the Shetland Islands, located approximately 125 km to the east. The proposed Development lies adjacent to the UK/Faroe Island transboundary line.
The subject of the environmental statement comprises a dedicated, moored Floating Production, Storage and Offloading (FPSO) vessel to produce hydrocarbons from two drill centres (comprising eight new production wells and four water injection wells). Additionally, the Cambo 204/10a-5Y well, drilled as an appraisal well in 2018, will also be completed for production. Oil will be exported via shuttle tanker and gas will be exported via a gas export pipeline (situated at water depths of 1,085m to 190m) extending 70 km to the southeast of the Cambo field, terminating at the West of Shetland Pipeline (WOSPS). The Cambo field is expected to produced oil and gas for approximately 25 years. Offshore development activities are currently due to commence at the Cambo field in 2021, with first drilling operation currently planned in 2022. First oil is expected in 2025.
Environmental Impact Assessment and Consent Process
In accordance with the above-mentioned Regulations, the project is subject to an environmental impact assessment procedure and regulation 13 applies as the project could have a significant effect on the environment of the Faroe Islands.
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