News Oil & Gas

Orcadian in line for Earlham-Clover

Orcadian Energy plc is in line for a southern North Sea licence, adding to the two central North Sea licences previously awarded in the 33rd licensing round. DEVELOPMENT Licence blocks 49/25b, 50/21a, 49/30a and 50/26 contain the Earlham discovery with a high inerts content and the “exciting” undrilled prospect of Clover. The company said that […]

News Oil & Gas

Orcadian completes 81.24% Pilot farm-out to Ping

Orcadian Energy plc has completed the 81.24% farm-out of central North Sea licence P2244, containing the Pilot oil field, to Malaysian operator Ping Petroleum UK plc. TECHNOLOGY Discovered in 1989, appraisal of Pilot showed “excellent quality reservoir and contains 263MMbbl of a viscous oil”. Orcadian said that Ping, focused on shallow water offshore production and […]

News Oil & Gas

Parkmead mulls geothermal energy for Fynn Beauly

The Parkmead Group could use geothermal energy instead of injecting hot water to reduce oil viscosity for enhanced recovery in Fynn Beauly in the central North Sea. SUBSTANTIAL The discovery is part of three new offshore blocks 14/15a, 14/20d and 15/11a in a new licence awarded to the operator’s 50-50 joint venture with Orcadian Energy […]