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Ithaca Energy Acquires three UK Oil Fields
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's $300M Senior Notes Pricing
Ithaca Energy Inc. announced that it has priced its offering of $300 million aggregate principal amount of 8.125% senior unsecured notes due 2019 at par. Interest will be payable semi-annually. The offering is expected to complete on or about 3 July 2014…
STELLA B1 Well Flow Test Completed
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.
Ithaca'a Proposed Senior Unsecured Notes Offer
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…
Ithaca Energy Operations Update Ahead of Shareholders Meet
Ithaca Energy Provided its operations update ahead of today’s Shareholders Meeting. The details are as follows. The third development well on the Stella field, well 30/06a-B1X (“B1”), has been successfully drilled to a total measured depth subsea of 16,185 feet.
Oil Firms Sweat Aging North Sea Assets
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…
Major Milestone in Greater Area Stella Development
Costain Upstream’s project management and development engineering specialist EPC Offshore (EPC) said it has marked a major milestone in Ithaca Energy’s Greater Area Stella development with the load out of the subsea structures completed on time and within budget.
DeepOcean Win North Sea Trenching Contract
DeepOcean UK, contracted by Technip for trenching services on the Stella Field Development, operated by Ithaca Energy. The contract includes project management, engineering and associated trenching and backfilling works for the infield flexible flowlines and umbilicals.
DeepOcean Awarded North Sea Trenching Contract
DeepOcean U.K., Ltd., a subsidiary of DeepOcean Group Holding BV, announced an award from contractor Technipfor trenching services on the Stella Field Development, Operated by Ithaca Energy. The contract includes project management, engineering…
Technip Gets North Sea Contract
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.