News Oil & Gas

Orcadian signs binding deals for three licences

Orcadian Energy plc said it was no longer a “one-trick pony” after entering into binding agreements for all three licences awarded in the 33rd licensing round. TECHNOLOGY The company is administrator and 100% holder of the southern North Sea Earlham licence P2680 containing an existing discovery, an undrilled prospect and a redevelopment opportunity Mid North Sea […]

Finance News Oil & Gas

Orcadian delays action over debt payment

Orcadian Energy plc faces no action until the end of August for missing the deadline to pay $1.43 million debt to Shell International Trading and Shipping Company Ltd (Stasco). OBLIGATIONS The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s southern North Sea Earlham discovery. The company […]

News Oil & Gas

Parkmead awarded 50% Fynn Beauly

The Parkmead Group plc has been formally awarded 50% of the Fynn Beauly heavy oil discovery, estimated to hold oil-in-place of 740 million to 1.33 billion barrels, in the Outer Moray Firth. UNCERTAINTIES The operator will share licence P2634, comprising blocks 14/15a, 14/20d and 15/11a, with Orcadian Energy plc who holds a 50% interest. An […]