Orcadian Energy’s new partnerships and licences poised to enhance UK energy security
–News Direct–
Orcadian Energy CEO Steve Brown tells Proactive's Stephen Gunnion the company has realised its "dream deal" with farm-out of an 81.25% interest in licence P2244, which contains the Pilot oilfield, to Ping Petroleum UK plc. Ping is focused on shallow water offshore production and development opportunities and has a significant acreage holding to the East of Pilot.
Speaking to Proactive's Stephen Gunnion, Brown said Orcadian has introduced a polymer flood development plan aimed at improving oil recovery from the viscous oil in the Pilot field, discovered in 1989. This method involves using polymer to enhance the viscosity of water, creating a more stable flood front and significantly reducing fluid handling requirements.
Additionally, Orcadian ...