Shell looks for buyer for stake in controversial Cambo oil field

The oil major holds a 30% stake in the project, while Ithaca Energy owns the rest

Shell was reported months ago to be looking for a buyer (Jane Barlow/PA) (PA Wire)

Shell is looking to sell its stake in the controversial Cambo oil field, its partner Ithaca Energy has said.

The oil major is looking for a buyer for its 30% holding in the project, which is the second-largest undeveloped oil and gas discovery in the UK’s North Sea.

Cambo has been the focal point of many protests, and Shell has been rumoured for months to be looking for someone to take over its part.