Orcadian Energy plc has agreed a non-binding, 81.25% farm-out with an as yet unnamed North Sea operator for the potential development of the Pilot project. TERMS The company, which now holds £90,000 and six months to repay $1m million to Shell, has granted the operator an exclusive period until 30 November 2023 to complete the […]
Tag: Licence P2320
Orcadian refused more time for licence P2320
Orcadian Energy plc’s proposed sale and farm-out of interests in sub-areas of licence P2320 have terminated after the industry regulator refused a second extension. NSTA The company said that following extensive discussions, the North Sea Transition Authority (NSTA) had refused to extend Phase A of P2320, causing the licence to expire on 14 May 2023. […]
Orcadian licenses 3D seismic data for Pilot-Blakeney-Bowhead
Orcadian Energy plc has licensed a 3D seismic dataset covering the Pilot and Blakeney discoveries and the Bowhead prospect within block 21/27 in the North Sea. POTENTIAL The dataset received from TGS was shot during 2011 and 2012 and reprocessed to focus on the Tay discoveries and prospects during 2018 and 2019. Orcadian said that […]