21 October 2026
Orcadian Energy plc
(“Orcadian” or the “Company”)
Orcadian notes the Secretary of State for Energy Security and Net Zero’s approval of the Jackdaw development.
Steve Brown, Orcadian CEO, said:
“Well about time. We have escaped the madness of a fully developed gas field trapped in a web of conflicting regulation as winter approaches. Now for Rosebank, another well-advanced development that can underpin the UK’s energy security.
“Much has been made of the impact that approving production from Jackdaw and Rosebank has on the UK’s position as a climate leader. In my view, approving developments which aim to minimise carbon dioxide production does make the UK a climate leader. Exporting and increasing those emissions by shutting down our domestic industry – abandoning the innovative approaches the UK’s oil and gas professionals can bring to bear – that is climate vandalism.
“For Orcadian, we now know that the plan we have for Earlham, where we expect to capture and store 90% to 95% of Scope 1 and 3 emissions, will not founder on an ideological objection to gas or oil.
“We look forward to a reawakened industry that has been paralysed by waiting for the right moment to state the obvious.”
For further information on the Company and for copies of the annual report and the AGM notice please visit the Company’s website: https://orcadian.energy
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Orcadian Energy plc |
+ 44 20 7920 3150 |
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Steve Brown, CEO Alan Hume, CFO |
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This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management’s expectations of the Company’s performance
About Orcadian Energy
Orcadian is a North Sea focused, low-emissions, oil and gas exploration and development company. Orcadian may be a small operator, but it is also nimble, and the Directors believe it has grasped opportunities that have eluded some of the much bigger companies. As we strike a balance between Net Zero and a sustainable energy supply, Orcadian intends to play its part to minimise the cost of Net Zero and to deliver reliable energy to the UK.
