Orcadian Energy has received a license extension, which enables it to pursue the development of two oil discoveries in the North Sea that are planned to be developed in tandem using a pair of wellhead platforms tied back to a floating production, storage, and offloading (FPSO) vessel envisioned to be deployed at another project under development on the UK Continental Shelf (UKCS).

Pilot Elke MMbbl Orcadian Energy FPSO Phase Narwhal MLCP Continental Shelf Ping Petroleum Watt University Finance Steve Brown Independent Power Corporation UK-headquartered UKCS