Iona wins sanction for North Sea Orlando tieback

Britain’s Department of Energy and Climate Change (DECC) has approved the development plan for the Orlando oil field in the UK northern North Sea.

Offshore staff

TORSHAVN, Faroe Islands – Britain’s Department of Energy and Climate Change (DECC) has approved the development plan for the Orlando oil field in the UK northern North Sea. The development plan calls for a subsea well tieback to the platform.

Orlando is an old discovery 10 km (6.2 mi) northeast of the Ninian central platform, operated by CNR. It was successfully appraised with well 3/3b-11 (1989) and 3/3b-13 (2012), including side tracks.Orlando has estimated reserves of about 11 MMbbl.

Additionally, DECC has approved Iona Energy’s application for production operator status. Iona has a 7%% stake in the project, in partnership with Atlantic Petroleum subsidiary Volantis Exploration.

4/18/2013

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