Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company, is pleased to provide an update of its applications in the 33rd Offshore Licensing Round (“the 33rd Round”) which closed last week.
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Orcadian has entered into a non-binding Heads of Agreement (“HoA”) with Rapid Oil Production Ltd (“Rapid”) to dispose of its interests in the Company’s non-core Crinan and Dandy
Management has completed an update of their estimate of technically recoverable resources for the Pilot field
Technically recoverable resources have increased 18% to 97 MMbbl for a P50 case based upon a polymer flood development scheme
Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce its audited results for the twelve months ended 30 June 2022.
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.
Orcadian Energy (AIM: ORCA), the low-emissions North Sea oil and gas development company, is delighted to announce the North Sea Transition Authority (NSTA) has granted Orcadian a one-year extension to licence P2244, which contains the Pilot field.
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”).
Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce that the North Sea Transition Authority (“NSTA”) published, this morning, the full report prepared by the Company and its partners, for the Platform Electrification competition launched in September 2021.
Orcadian Energy (AIM:ORCA), the low-emissions North Sea oil and gas development company, is pleased to announce a seismic licensing deal with the energy data company TGS. The agreement will provide Orcadian with high quality seismic data, revealing the reservoir structures and even the likely fluid type.
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.
