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Memorandum of Understanding with SLB

By Announcements, Company & Media news

Orcadian has entered into a binding Memorandum of Understanding (MoU) with SLB (formerly Schlumberger) to deliver core services for the wells on the Company’s Pilot project.
SLB made a compelling commercial and technical proposal with a strong focus on decarbonisation.
The parties now plan to develop a comprehensive Project Agreement for provision of the services.

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Farm-out of Carra Prospect

By Announcements, Company & Media news

Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that, further to the announcement of 11 October 2021, the Company has now executed a formal agreement with Carrick Resources Limited (“Carrick”) in respect of a sub-area of Licence P2320 which covers the Carra prospect (“Carra”) (the “SPA”).

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Draft FDP and Farm-out Process Update

By Announcements, Company & Media news

Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that:
the Company has submitted a draft Field Development Plan for the Pilot oilfield to the North Sea Transition Authority (NSTA);a structured farm-out process has been initiated for the Pilot oilfield; new tax regime has transformed economics of North Sea investment for tax-paying companies.

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