UK: NSTA declines Orcadian's request to extend Phase A of Licence P2320

Orcadian Energy has announced that the North Sea Transition Authority ('NSTA') has declined Orcadian’s request to extend Phase A of Licence P2320. As a consequence the Licence determined (expired) on 14 May 2023. In addition, the potential disposals of interests in sub-areas of the licence to Rapid Oil and Carrick Resources will not now proceed.

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