More time for UK operator to breathe life into two North Sea oil discoveries

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).

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