Floating and Production Storage Systems: Operational:
274
On Order:
42
Planned:
152
Available:
12
Ithaca Energy Inc.
is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries, the exploitation of its existing UK producing asset portfolio and a Norwegian exploration and appraisal business centred on the generation of discoveries capable of monetisation prior to development.
Ithaca has a solid and diversified UK producing asset base generating significant free cashflow, mainly from oil production.
Current development activities are focused on the construction of a new Ithaca operated production hub in the ?Greater Stella Area? of the UK Central North Sea.
The Company has a broad Norwegian exploration and appraisal asset portfolio, with the main focus of activities being on the generation of proven reserves in lower risk geological and geographic locations.
The Company also has a limited UK exploration asset portfolio that it is in the process of ?drilling out?, with all the associated costs carried through farm-out arrangements.
Ithaca is a Canadian incorporated company with its headquarters in Aberdeen, United Kingdom, and an office in Oslo, Norway.
Ithaca Energy Inc. is pleased to report that, further to the announcement made on 23 June 2014, it has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation (“Sumitomo”). Ithaca has acquired Summit Petroleum Limited (“SPL”)…
Ithaca Energy Inc. announced that it intends to offer $300 million in aggregate principal amount of senior unsecured notes due 2019 (the "Notes"). The Notes, the net proceeds of which will be used to partially repay (without cancelling) the…
Services firms compete for late life assets; $335 billion prize still up for grabs. Streamlining processes and better planning are vital. Smaller oil producers are teaming up with engineering and oil services companies in Britain's North Sea…
Ithaca Energy (UK) awards Technip an EPIC subsea Greater Stella Area (at depth of 90 meters) development contract The Greater Stella Area (GSA) development is located in the North Sea, 280 kilometers East-Southeast of Aberdeen, Scotland at a water depth of approximately 90 meters.
Ithaca Energy Inc. announced completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day. Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stella field.
