Cambo is a conventional oil development located in deepwater in the UK and is operated by Ithaca SP E&P. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Cambo was discovered in 2002, lies in block 204/10a ALL, 204/5a ALL, and 204/9a ALL, with water depth of around 3,582 feet. Buy the profile here.
The project is currently in approval stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2023. The Cambo conventional oil development will involve the drilling of approximately 13 wells and includes FPSO and subsea trees.
Field participation details
The field is owned by Delek Group and Shell.
Production from Cambo
Production from the Cambo conventional oil development project is expected to begin in 2026 and is forecast to peak in 2030, to approximately 53,400 bpd of crude oil and condensate and 22 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2054.
Remaining recoverable reserves
The field is expected to recover 252.39 Mmboe, comprised of 239.58 Mmbbl of crude oil & condensate and 76.88 bcf of natural gas reserves.
Contractors involved in the Cambo conventional oil field
Some of the key contractors involved in the Cambo project as follows.
Design/FEED Engineering: Sembcorp Marine Rigs and Floaters
Other Contractors: Baker Hughes, KBR, Crondall Energy Consultants, Asplan Viak and HitecVision
About Ithaca SP E&P
Ithaca SP E&P Ltd is engaged in exploration and production of oil and gas.
For more details on the Cambo Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
