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Cambo oilfield: Work on controversial site halted after Shell pullout

The developers behind the controversial Cambo oil field off the west coast of Scotland have halted work on the site. Siccar Point Energy (SPE), based on Aberdeen oil and the gas company, said it was reviewing its “next steps”.

The move comes just days after the Anglo-Dutch multinational company Cover said it was canceling plans to invest in Cambo, which has become a lightning rod for UK climate activists who are demanding an end to the development of new oil fields.

In a statement on Friday, Jonathan Rogers, chief executive officer of SPE, said: “Following Shell’s announcement last week, we are in a position where the Cambo project cannot progress to the timeline. originally expected.

“We are pausing development while assessing next steps.

“We continue to believe that Cambo is a powerful project that can play an important part in the UK’s energy security, providing a domestic energy supply and reducing carbon-intensive imports, and at the same time support a fair transition.”

Environmental groups have long opposed the proposed sector.

They warned it would endanger hundreds of species in the ocean and have threatened the UK Government with legal action.

Last week Shell, which has a 30 per cent stake in the development, said it had “concluded that the economic situation for investing in this project is not strong enough at this time, nor is it possible delayed”.

In November, Scotland’s First Minister Nicola Sturgeon said the project should not continue.

It follows months of pressure from opposition parties and campaigners for the Scottish government to clarify its position on Cambo.

The UK Petroleum industry body previously said blocking long-planned energy projects such as Cambo would risk driving the UK out of the UK due to global energy shortages. bridge.

The Scottish Conservatives said the SPE decision was “extremely worrying” for the oil and gas industry.

Liam Kerr, the party’s shadow secretary, said: “The SNP-Green’s hostile stance towards projects like Cambo is making energy companies less attractive to invest in Scottish oil and gas.

“It is clear that the shameful, ignorant, anti-business views of this alliance now not only jeopardize our ability to achieve net zero goals, but also put thousands of jobs in the industry. This area is abandoned.

“Without investing in these projects, we risk becoming more dependent on foreign imports than we are to take advantage of Scotland’s domestic oil and gas reserves.

“We warn the inclusion of radical Greens in Government will take a toll on the Scottish economy and the impact of this is now being seen.”

Reacting to the move by GMB, the energy union, pointed to figures showing the UK spending billions of pounds on oil imports from other countries, and announced its decision to suspend the site’s work. This web is to “surrender to the national interest”.

The UK government is responsible for licensing the site but there’s little they can do if backers decide they don’t want to push development.

Gary Smith, general secretary of the GMB, said: “It means a transition to a low-carbon economy, not a surrender to the national interest.

“The supporters of Cambo’s decommissioning are not only throwing energy workers under the bus, but also the security of the gas supplies we still need on the road to 2050.”

https://www.independent.co.uk/climate-change/news/cambo-oil-field-paused-shell-latest-b1973586.html Cambo oilfield: Work on controversial site halted after Shell pullout

JACLYN DIAZ

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