Siccar Point enjoys $359m boost from BP Schiehallion field

Siccar Point enjoys $359m boost from BP Schiehallion field

Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.

The firm, best known as the operator of the controversial Cambo oilfield, has released its full-year accounts for 2021.

Within that, Siccar Point said it was getting a multimillion-dollar impairment reversal from its stake in BP Schiehallion, driven by an increase in reserve volumes at the field and an improvement in assumed future oil prices.