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.