Orcadian Energy Plc (GB:ORCA) has released an update.
Orcadian Energy Plc has secured a further payment of $100,000 from its Industry Partner for the Earlham licence, matching the amount paid to Shell under a loan facility. The company’s Earlham project is aimed to be the first UK gas field dedicated to an offshore power station with integrated carbon capture, aligning with the government’s 2030 clean power system vision and energy security goals. Orcadian’s commitment to low-emissions operations is emphasized by their plans for the Pilot oilfield, which includes polymer flooding and wind power to reduce carbon emissions.
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