Petroleum Production Licence(s) P. 1028 and P. 1189 Cambo Field Development Plan

Friday 8 November 2019

Subject to the necessary management and partner approvals, Siccar Point Energy E&P Limited are intending to apply for Consent for the development of the Cambo field, with a letter of application to provide preliminary notification of the proposals made on behalf of:

Siccar Point Energy E&P Limited (Operator) 70%

Shell UK Limited 30%

The primary nature of this project will be for the development of the Cambo oil and gas field and it is proposed this project will comprise of the following:

- The concept of the Cambo Project is for a dedicated, moored Floating Production, Storage and Offloading (FPSO) vessel to produce hydrocarbons from two drill centres. Oil will be exported via shuttle tanker. Gas will be exported via a gas export pipeline extending 70km to the southeast of the Cambo field, and will terminate at the West of Shetland Pipeline (WOSPS) Pipeline End Manifold (PLEM) tie-in.

- It is proposed that eight new production wells and four water injection wells will be drilled in the Cambo field. Additionally, the Cambo 204/10a-5Y well, drilled as an appraisal well in 2018, will also be completed for production.

- The Cambo field is expected to produce oil and gas for approximately 25 years.

- Offshore development activities are due to commence at the Cambo field in 2020, with first drilling operation in 2021. First oil is expected in 2023.

- 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 lies adjacent to the UK/Faroe Island transboundary line.

- The proposed Development footprint is situated at water depths of between 1,050m in the southeast to 1,100m in the northwest within the Faroe-Shetland Channel, with the Gas Export Pipeline route situated at water depths of 1,085m to 190m.

- The nearest coast line is the Shetland Islands, located approximately 125km to the east.

Siccar Point Energy E&P Limited can confirm that an Environmental Statement ('ES') (BEIS Ref: D/4240/2019) for the potential development will be submitted to the Environmental Management Team at the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED) in their capacity as environmental regulator acting on behalf of the Secretary of State for Business, Energy and Industrial Strategy.

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