Ithaca Energy has recently announced that the Cambo field is the second largest undiscovered oil and gas reserve in the UK North Sea. The Cambo field is located in the West of Shetland and is considered to be extremely promising in terms of its potential to fuel the country's energy needs. It is estimated to contain over 800 million barrels of oil, which makes it a valuable asset to UK's oil and gas industry. In this blog post, we will dive deeper into the Cambo field and its impact on the UK economy.
1. Ithaca Energy announces Cambo field as second largest undiscovered oil and gas reserve in the UK North Sea.
2. Cambo field located in the West of Shetland, considered extremely promising for fueling the country's energy needs.
3. Estimated to contain over 800 million barrels of oil, making it a valuable asset to the UK's oil and gas industry.
4. Cambo field has estimated recoverable reserves of up to 825 million barrels of oil equivalent (mmboe), presenting a significant opportunity for the UK's oil and gas industry.
5. Expected to have a production life of over 20 years, providing job creation, economic growth, and energy security for the UK.
The Cambo field in the UK North Sea is estimated to contain over 800 million barrels of oil, making it a valuable asset to the country's oil and gas industry.
Shetland, approximately 125km northwest of the Scottish mainland. With estimated recoverable reserves of up to 825 million barrels of oil equivalent (mmboe), the Cambo field presents a significant opportunity for the UK's oil and gas industry. The field is expected to have a production life of over 20 years, providing a substantial contribution to the country's energy supplies and bolstering its efforts towards achieving energy security. This project holds immense promise in terms of job creation, economic growth, and the overall stability of the energy sector.