It’s (way past) time to scrutinise claims that oil from the #Cambo oil field will be used to meet domestic energy demand in the UK.
In short, it is overwhelmingly likely to be exported.
THREAD 🛢️🧵👇
In short, it is overwhelmingly likely to be exported.
THREAD 🛢️🧵👇
Oil from Cambo is a heavy crude--sticky gloopy stuff--that's in v low demand. It's not high grade which is partly why it's taken 20+ yrs for the licence-holders to extract it. UK refineries don't buy a lot of Cambo-type oil & aren't set up to turn large amounts into anything...
...domestically useful. BUT let's be generous and assume that Cambo has the same chance as any other domestically-extracted oil of ending up in the UK supply chain.
78% of oil extracted in the UK is exported, as is 41% of output from UK oil refineries. All this translates into a 12.9% chance that oil from fields like Cambo goes into a UK refinery and ends up as a product that’s used in the UK.
That's a 12.9% chance that Cambo’s oil will (as the industry insists) satisfy domestic demand in the UK and a 87.1% chance that it's sold onto global markets.
Prefer this explained in diagram form? Here's a UK government flow chart that lays it all out ⬇️
Prefer this explained in diagram form? Here's a UK government flow chart that lays it all out ⬇️
With some helpful annotations: 
In conclusion: of the 170 million barrels of oil produced from Cambo, 150 million will be exported (based on generous assumptions--the reality is the whole lot is likely to be exported).
/END
P.S. #StopCambo
/END
P.S. #StopCambo
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