Licence for controversial North Sea oil and gas field extended

  • Date: 30-Mar-2022
  • Source: SkyNews
  • Sector:Oil & Gas
  • Country:Gulf
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Licence for controversial North Sea oil and gas field extended

The licence for the controversial Cambo oil and gas field in the UK's North Sea has been extended for a further two years. 

The field, which is co-owned by Shell and Siccar Point Energy, attracted significant opposition from campaigners while the government regulator considered whether or not to grant a final permit to drill last year.

In December 2021 Shell backed away from the project before any decision was made, citing the potential for delays and a weak economic case for investment.