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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.

Careers | Ithaca Energy

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 on the Icelandic continental shelf | Askja Energy - The Essential Perspective on Energy in the Northern Atlantic and Arctic Region

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

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