Question 1

What licences and fields does Orcadian Energy PLC hold for its UK North Sea plans?

Accepted Answer

Orcadian wholly owns licence P2680 and has commenced the Assessment Phase for the Earlham and Orwell gas fields in the UK North Sea.

Question 2

With whom is Orcadian in a 90-day joint development process?

Accepted Answer

Orcadian is in a 90-day, non-exclusive joint development process with an American offshore data-centre infrastructure developer.

Question 3

What kind of development deviation does Orcadian’s proposed Earlham project have due to Earlham’s CO2 content?

Accepted Answer

Orcadian’s proposed development deviates from conventional gas export because Earlham’s very high CO2 content (~49%) makes on-site power generation with carbon capture and reinjection central to project viability.

Question 4

What approval did Orcadian say it needs to assign its P2680 interest to Earlham Gigagrid?

Accepted Answer

Orcadian said assigning the P2680 interest to its new subsidiary Earlham Gigagrid is intended, subject to North Sea Transition Authority (NSTA) approvals.

Question 5

How much does Orcadian Energy owe The Independent Power Corporation, and by when is it repayable?

Accepted Answer

Orcadian has negotiated a deferred repayment schedule for about £1.34m owed to The Independent Power Corporation, repayable by 2027 with interest and secured against P2244 and P2680 licence interests.

Question 6

What exclusivity option does Orcadian’s September 2026 partner have until 1 March 2027?

Accepted Answer

The partner has an option to secure exclusivity for an as-yet-unagreed fee until 1 March 2027, which would bar Orcadian from granting competing rights over Earlham, Orwell or the P2680 licence and require termination of rival discussions.

Timeline

Orcadian Energy

Orcadian signs joint development pact for gas-to-data centre scheme

Orcadian targets gas-fired data centre with carbon capture at Earlham

More in Oil & Gas

Phoenix Copper widens loss as cash runway extends to Q4

Kore Potash sale process continues

Kendrick Resources reports high-grade rare earth results at Teufelskuppe

Tharisa prices $300m bond for Karo Platinum build

Cobra Resources widens interim loss as drilling activity accelerates

Gemfields emerald auction realises $29.6m as prices climb

Kefi secures financing support after Tulu Kapi security incident

Pan African completes DFS on Soweto tailings project

Ilika completes Goliath prototype optimisation programme

Griffin Mining posts record first-half operating profit despite output curbs

Metlen sells Tamarico II hybrid project to Copec in Chile

Browse by Sector

Market reports

Energy & Resources

Financials

Technology

Healthcare

Industrials

Consumer