Orcadian Energy making ‘great strides’ with North Sea project after letting off steam

The boss of North Sea oil firm Orcadian Energy says his team is making “great strides” on an 80 million barrel project after casting aside the original development idea.

Orcadian, the new name for Pharis Energy, had intended to tap its 100%-owned Pilot field using a pioneering “steam flood” method.

Steam flooding involves injecting hot…

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