Fossil Energy – Pilot Field
Orcadian Energy has secured a three-year extension for its Pilot Licence P2244, now valid until December 1, 2028.
The extension is crucial for the development of the Pilot field where Orcadian holds an 18.75% carried interest.
The operator is preparing an updated field development plan, leveraging new seismic data to aim for maximum oil recovery with minimal carbon emissions. This plan has the potential to yield over 100 mmbbl from Pilot and adjacent discoveries, potentially rising to nearly 500 mmbbl with successful exploration.
