Fynn Beauly

Serica 50%, Orcadian Energy 50%

The P2634 licence was awarded in the 33rd Licencing Round in July 2024 to Parkmead (E&P) Limited, as operator, and Orcadian Energy, and includes the Fynn Beauly heavy oil discovery. Serica acquired the 50% interest in the licence when completing the acquisition of Parkmead (E&P) Limited in April 2025.

The current licence commitment is limited to technical studies to assess the feasibility of reducing Fynn Beauly oil viscosity using enhanced oil recovery techniques.