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
Company & Media news
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.
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.
Orcadian CEO Steve Brown writes for The Times Red Box on the UK’s Energy Security Strategy.
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
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
Orcadian CEO Steve Brown writes for The Times Red Box on how oil production can be decarbonised
Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce its audited results for the twelve months ended 30 June 2021.
EnergyVoice write on “Orcadian ‘keeping options open’ as Pilot work progresses”
Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is delighted to announce that following a competitive process it has been selected by the Oil and Gas Authority (“OGA”) to evaluate an approach to the electrification of North Sea oil and gas platforms which will dramatically cut carbon emissions.
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.
Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is pleased to announce that it has received three expressions of interest for the provision of an FPSO for the Pilot development.
Orcadian Energy (AIM: ORCA), the North Sea focused oil and gas development company, is pleased to announce that the Company has entered into a non-binding Heads of Terms with Carrick Resources Limited (“Carrick”) in respect of a sub-area of Licence P2320 which covers the Carra prospect (“Carra”)
Orcadian Energy (AIM: ORCA), the North Sea focused, oil and gas development company, is pleased to announce that Steve Brown, CEO and Alan Hume, CFO will be presenting at the AJ Bell investor Webinar on Wednesday 8th September 2021. The Webinar starts at 6pm with the Company presenting live at 7.20pm.
