Projects · Oil & Gas
West of Shetland, Block 204/10, ~130 km W of Shetland (deepwater ~1,070 m)·In developmentOil & Gas
Cambo Field Development (Phase 1)
- StagePre-FID; Environmental Statement (ES/2026/022) submitted, public consultation closed 18 April 2026
- Value>£3bn
- Next milestoneFinal investment decision; production start-up expected 2030-2031
- Last checked1 November 2026
What has changed on this project, and when
- Next milestone: Final investment decision; production start-up expected 2030-20312 November 2026 · previously: Sanction targeted in 2027, subject to regulatory approvals; production start-up expected 2030-2031
- Stage: Pre-FID; Environmental Statement (ES/2026/022) submitted, public consultation closed 18 April 20262 November 2026 · previously: Pre-FID; Environmental Statement submitted (public consultation closed 18 April 2026); value engineering and pre-execution phase
- Next milestone: Sanction targeted in 2027, subject to regulatory approvals; production start-up expected 2030-20316 October 2026 · previously: FID targeted within ~12 months; drilling ~end-2028, first oil ~2030/31
- Stage: Pre-FID; Environmental Statement submitted (public consultation closed 18 April 2026); value engineering and pre-execution phase6 October 2026 · previously: Pre-FID; FDP/ES resubmitted April 2026, in consultation
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