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Shell Seeking Sale of Cambo Field Stake - North Sea

OIL

Shell has launched the sale process for its 30% stake in the North Sea Cambo oil field according to Reuters sources.

  • After initial opposition, the UK government has supported the development as it seeks to enhance the countries energy security since the Ukraine invasion.
  • It is operated and 70%-owned by Ithaca Energy, which is owned by Israel's Delek Group.

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