In 2002, the original operator, Chevron cited low oil prices and technical challenges as reasons for not moving forward with the project.

FORBES: Exxon's 'New' $14 Billion Field Was Discovered 30 Years Ago. What Took So Long?

The sailings between Guernsey, Jersey and the UK by ferry operator Condor Express had already been rescheduled for "technical reasons".

BBC: Condor Ferries Poole Channel Islands sailings cancelled