Orcadian Energy, the developer of the Pilot heavy oilfield in the UK North Sea (79 million barrels of proven and probable reserves as ascribed by Sproule), announced that it has entered a memorandum of understanding with SLB (formerly Schlumbeger) to deliver core services for the wells on the company's Pilot project. The company also announced that both it and SLB now plan to develop a comprehensive Project Agreement for provision of services.
29 Nov 2022
WH Ireland: Orcadian Energy (ORCA) - Memorandum of Understanding with SLB
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WH Ireland: Orcadian Energy (ORCA) - Memorandum of Understanding with SLB
Orcadian Energy Plc (ORCA:LON) | 10.9 0 0.0% | Mkt Cap: 8.59m
- Published:
29 Nov 2022 -
Author:
Brendan Long -
Pages:
4
Orcadian Energy, the developer of the Pilot heavy oilfield in the UK North Sea (79 million barrels of proven and probable reserves as ascribed by Sproule), announced that it has entered a memorandum of understanding with SLB (formerly Schlumbeger) to deliver core services for the wells on the company's Pilot project. The company also announced that both it and SLB now plan to develop a comprehensive Project Agreement for provision of services.