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Company & Media news

Orcadian Report provides carbon emissions solution for North Sea

By Announcements, Company & Media news

Orcadian Energy (AIM: ORCA), is delighted to present its final report into Central North Sea electrification, which has now been delivered to the North Sea Transition Authority (NSTA, previously known as the Oil and Gas Authority or the OGA) and operators of facilities in the Central North Sea. “Orcadian’s Microgrid Concept” for the electrification of oil and gas platforms aims to dramatically cut carbon emissions, ensuring that the oil and gas that features in our future energy mix is as sustainable as possible.   

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UKCS License P2320 – Phase ‘A’ extension and Resource Update

By Announcements, Company & Media news

Orcadian Energy (AIM:ORCA), the North Sea focused, low emissions, oil and gas development company, is pleased to announce an extension to Phase ‘A’ of Licence P2320 and a resource update.

Highlights:
Phase ‘A’ of Licence P2320 extended to 14th May 2023 with the Initial Term also being extended to 14th November 2024
Company has completed a new interpretation of the recently reprocessed seismic data, licensed from TGS in July 2021
Company estimates that the development area oil-in-place, for Pilot, will increase by about 10% to 15%, compared to the previously estimated and audited volume

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Results for the half year ended 31 December 2021

By Announcements, Company & Media news

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce its unaudited results for the six months ended 31 December 2021.

Activity Focus: 

To improve the technical and commercial definition of the Pilot development project
To finance the Pilot development project
To explore every avenue to maximise the value in our satellite discoveries and prospects
To propose a practical means to electrify the Central North Sea (“CNS”) and to develop a business model enabling Orcadian to benefit from this work

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Concept Select Study for the Pilot Field

By Announcements, Company & Media news

Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce that it has received a “Letter of no objection” from the Oil and Gas Authority (“OGA”) in respect of the development concept for the Pilot field.  This letter signals the finalisation of the “Assessment phase” and the entry into the “Authorisation phase” of development planning for the Pilot Field.

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Admission to trading on AIM

By Announcements, Company & Media news

Orcadian Energy (AIM: ORCA), the North Sea focused, oil and gas development company, announces the admission (“Admission”) of its entire issued and to be issued ordinary share capital to trading on the AIM Market of the London Stock Exchange (“AIM”). Admission will occur at 8.00 a.m. today, under the ticker “ORCA” and ISIN GB00BN0TY502.

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Appointment of Christian Wilms as Non-Executive Director

By Company & Media news

Pharis Energy Ltd, the North Sea focused heavy oil development company, is delighted to announce the appointment of Christian Wilms as non-executive director of the Company with immediate effect. Christian joins the Company having spent over 20 years working in the industry with Shell and MOL Group. At Shell Christian held a number of leadership positions. After leaving Shell he joined MOL Group as Senior Vice President Subsurface & Field Development responsible for all development projects as well as supporting business development and exploration.

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31st Seaward Licensing Round Award

By Company & Media news

Pharis Energy, the North Sea focused company with the intention of initiating the first major offshore steam flood project in the world, is delighted to announce that it has been awarded part-blocks 28/2a and 28/3a in the 31st Seaward Licensing Round (“31stRound”) by the Oil and Gas Authority (“OGA”). Pharis will hold a 100% interest in the newly awarded licence.

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