Iona's Orlando gets green light

April 17, 2013

Iona Energy Inc is pleased to announce today that the Department of Energy and Climate Change (DECC) has advised the Orlando joint venture partners that it has approved the Orlando Field Development Plan (FDP) submitted by the partners.

The Orlando Field is owned by Iona (Operator 75%) and Volantis Exploration (25%). Further, DECC has approved Iona's application for Production Operator status.

The Orlando oil field lies approximately 10 Km north east of the Ninian Central Platform, operated by CNR International, and was successfully appraised with well 3/3b-11 (1989) and 3/3b-13 (2012) with sidetrack wells.

It will be developed as a subsea tieback, with two subsea wells, tied back to the Ninian platform. Iona is also working on the Kells development, also a two well subsea tieback to the Ninian platform. 

Iona's Chief Executive Officer, Neill Carson, commented: "The Orlando Field development approval is our first with Production Operator status and is an important step as we push to deliver this project as early as possible. We will continue to work with the supply chain and stakeholders in order to place the remaining key contracts."



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