Orcadian Energy has indicated it will be awarded a further license by the North Sea Transition Agency (NSTA) in the Southern North Sea (SNS) in addition to the two Central North Sea licenses awarded last January.
The awards are part of a larger tranche the NSTA announced earlier this month.
The SNS license contains Earlham, an existing discovery with a high inerts content, and Clover, an undrilled prospect. The company plans on collaborating with RWE, who have acquired the rights to develop the Norfolk Boreas wind farm from Vattenfall.
“Following on from the very large viscous oil accumulation at Fynn, and the shallow gas prospects on the Mid North Sea High, we are delighted to have completed a hat-trick of license awards with the SNS offer from the NSTA,” says Steve Brown, Orcadian’s CEO.
“The star of this license is the Earlham discovery which we believe can be developed as a gas-to-wire scheme with integrated carbon capture. Such an approach means the project could reliably supply electricity to the U.K. grid with near-zero emissions. This is a project that anyone who is concerned with energy security, grid reliability, consumer bills, and emissions can get behind, and which demonstrates how our industry can adapt to a Net Zero world.”
