(via NewsDirect)
Orcadian Energy CEO
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 Energy has implemented green technologies to minimise CO2 emissions, including plans to integrate renewable energy sources like wind turbines into their operations.
It will retain an 18.75% stake in the Pilot field with no immediate capital commitments until production begins.
Looking ahead, the immediate focus is selecting an FPSO (Floating Production Storage and Offloading) vessel, essential for detailed development and environmental plans.
Brown said the company also secured two new licences in the 33rd licensing round and awaits approval for a third. These developments could significantly enhance Orcadian's asset portfolio and contribute to energy security by expediting production from potential gas fields.
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