P2650: Glenlough & Breckagh

P2650

Quad 29, Blocks 16, 17, 18, 19, 21, 22, 23, 27 & 28
Orcadian Energy (CNS) Ltd, 50% and Licence Administrator, Triangle Energy 50%
LicenceP2650
Block29/16, 17, 18, 19, 21, 22, 23, 27 & 28
Equity50%
OperatorOrcadian Energy (CNS) Ltd
Licence awarded2024
Licence statusInitial Term – Phase A
Prospective resources269 bcf
The Mid North Sea High licence , 50% Orcadian, 50% Triangle Energy, contains shallow gas prospects and leads, which contain up to 336 bcf of gross prospective recoverable resource on a P50 basis.
The two largest leads – Glenlough and Breckagh – are estimated to have a gross prospective resource potential of 131 bcf and 138 bcf respectively. These prospects are analogous to the Block A and Block B shallow gas fields in the Netherlands developed by Unocal, and subsequently Chevron, which came onstream in 2007. Since then, the fields have been acquired by Petrogas who recently brought two additional fields on stream to bring the total number of shallow gas fields being produced up to six.

Orcadian was awarded the P2650 licence in 2024 in the 33rd licensing round. The licence is currently in phase A of the initial term and contains shallow gas accumulations. Any gas discovered could be used to power an offshore power station or, more likely, would be compressed and produced via the CATS pipeline which has a nearby tie-in point.
HALO is licence administrator and holds 50% of the licence. The Mid North Sea High licence covers blocks 29/16, 29/17, 29/18, 29/19, 29/21, 29/22, 29/23, 29/27 and 29/28.