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Orcadian Energy

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Description

Orcadian Energy was founded in 2014 and is the sole licensee of P2244, P2320 and P2482, which together contain over 500 mmbbls of discovered oil in place, in the Pilot, Elke, Narwhal, Blakeney, Harbour, Feugh, Dandy and Crinan fields, which lie in blocks 21/27, 21/28, 28/2 and 28/3, 140 kms due East of Aberdeen.  In the 32nd Round the Company was awarded a 50% working interest in P2516, which contains the Fynn (Andrew) discovery and part of the Fynn (Beauly) discovery. P2516 is operated by the Parkmead Group and covers blocks 14/20g and 15/16g, which lie midway between the Piper and Claymore fields, 180 kms due East of Wick.

Orcadian has selected a low salinity polymer flood development scheme for the Pilot field and has submitted a Concept Select Report to the OGA. Orcadian is currently conducting a polymer core flood programme to confirm this selection and is working on initiatives, which build on the OGA’s Net Zero initiative and CNS electrification plans, to further reduce emissions from the proposed development scheme, which are currently expected to be about half of the UKCS average.

Pilot, which is the largest oilfield in Orcadian's portfolio was discovered by Fina in 1989 and has been appraised with seven reservoir penetrations including a horizontal well test which produced over 1,800 bbls/day from a short horizontal well. 

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Related news

Orcadian Announces Half Year Results
27/02/2024
Orcadian announces 33rd Licensing Round update and £500,000 equity financing
18/12/2023
Orcadian Energy Provides Pilot Farm-out Update
05/12/2023
Orcadian Energy awarded two year Pilot Licence extension
25/10/2023
Orcadian announces £350,000 equity financing & Update of 33rd Round
02/10/2023
Orcadian Announces Proposed Farm-in to the Pilot Project
18/09/2023
NSTA declines Orcadian’s request to extend Phase A of Licence P2320
16/05/2023
Orcadian announces 2022 interim results
30/03/2023
Orcadian Announces Proposed Placing to Raise Approximately £0.5m
01/02/2023
Orcadian Energy provides update 33rd Round applications
19/01/2023
Orcadian Energy announces sale of Crinan and Dandy discoveries
11/01/2023
Orcadian Provides Pilot Technical Resource Upgrade
10/01/2023
Orcadian Energy Secures Pilot Licence Extension
15/11/2022
Orcadian Announces Farm-out of Carra Prospect
03/08/2022
Orcadian Energy Announces Draft FDP and Farm-out Process Update
13/06/2022
Orcadian Report provides carbon emissions solution for North Sea
11/05/2022
Orcadian announces UKCS License P2320 Phase A extension
30/03/2022
Orcadian Energy Announce FPSO Expressions of Interest For Pilot development
28/10/2021

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