Oracle Power Announces Completion of Geotechnical Study

Source: www.gulfoilandgas.com 4/11/2024, Location: Europe

Oracle Power PLC (AIM: ORCP), an international project developer, together with its joint venture company, Oracle Energy Limited ("Oracle Energy"), a developer of green energy projects, is pleased to announce the completion of the Geotechnical Study and Electrical Resistivity Survey (ERS) in respect of the planned renewable power plant on the project site in Jhimpir, in the Sindh Province of Pakistan. F&M (Pvt.) Ltd ("F&M"), a leading provider of engineering, testing, and verification services, completed the studies and submitted reports which confirm favourable conditions for development and provide guidance for construction and water management.

The Geotechnical Study, which involved comprehensive soil investigation and rotary drilling, encountered sand, silt, gravel, silty sand, mudstone, limestone, sandstone, friable sandstone, claystone and shale in boreholes during field investigation. Laboratory testing of these samples was carried out in the F&M laboratory in Karachi. Water was not encountered in boreholes during exploration, but this may fluctuate due to seasonal and other environmental variations.

Due to presence of negligible exposure of sulphate and chloride in soil and rock samples extracted from boreholes, ordinary cement as per ASTM C-150 has been recommended to use for all underground construction, confirming favourable ground conditions for project development.

The Electrical Resistivity Survey (ERS) which was also completed in parallel, determined subsurface lithology, porosity, and permeability, providing critical insights for site planning, infrastructure design, and water management strategies. The survey identified diverse lithological characteristics, including the presence of clay, sandstone, and limestone, alongside significant groundwater resources.

Following completion of the Geotechnical Study and the ERS, the Company intends to undertake Front End Engineering and Design (FEED) studies and, in parallel, proceed to securing potential financial arrangements for on ground construction and development of its renewable power and green hydrogen project.

Naheed Memon, CEO of Oracle, commented:
"The completion of the Geotechnical Study and Electrical Resistivity Survey mark further significant milestones in the development of our 1.3 GW renewable power and green hydrogen project, and also completes all ground related investigation for the large 28.3 sq km project site. The studies have confirmed the favourable attributes for development of the site, and generated valuable data and insights, positioning us to advance to FEED studies and, in parallel, proceed to securing potential financial arrangements for on ground construction and development."


Denmark >>  7/5/2024 - Shelf Drilling, Ltd. (“Shelf Drilling”, OSE: SHLF) announced that a subsidiary of Shelf Drilling (North Sea), Ltd. (“Shelf Drilling North Sea” or “SDN...
United Kingdom >>  7/5/2024 - Prosafe has been issued a Letter of Intent (LoI) from Ithaca Energy (UK) Limited for the charter of the Safe Caledonia to provide gangway connected ac...

Norway >>  6/27/2024 - SLB has announced a contract award from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric Subsea Production Systems (SPS)...
Norway >>  6/20/2024 - Reference is made to the joint stock exchange announcement on 18 September 2023 by TGS ASA ("TGS", OSE: TGS) and PGS ASA ("PGS," OSE: PGS) regarding t...

United Kingdom >>  6/14/2024 - Subsea7 announced the award of a sizeable1 contract by Dana Petroleum (E&P) Limited, for the Bittern field development, located approximately 190km ea...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.