Ithaca acquires Marubeni’s UK North Sea subsidiary
Ithaca Energy has issued an update on recent developments affecting the company’s projects in the UK central North Sea.
ABERDEEN, UK – Ithaca Energy has issued an update on recent developments affecting the company’s projects in the UK central North Sea.
In September the company agreed to acquire an additional 13.3% interest in the Alba field from Mitsui E&P UK, lifting its share of the field to 36.7%.
Earlier this month it agreed to acquire 100% of the share capital of Marubeni Oil & Gas UK for $140 million.
Drilling continued on the Ithaca-operated Fotla oil discovery with two appraisal sidetracks, using the Awilco semisubmersible WilPhoenix.
In August the jack-up Valaris 120 drilled an exploration well on the Harbour Energy-operated Jade South prospect.
Earlier, Heerema’s crane vessel Thialf completed the removal of the Jacky platform topsides and jacket structure, which included a central column and suction pile foundation
About: Ithaca Energy
Ithaca Energy is a leading exploration and production company headquartered in Aberdeen, Scotland, with production and development activities exclusively on the UK Continental Shelf.
We are a wholly-owned subsidiary of the Tel Aviv stock exchange-listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel’s leading integrated energy company
Source: Offshore