Ithaca looks to further UK developments

Ithaca Energy expects to take a decision this fall on its Athena field development in the UK North Sea.

Offshore staff

CALGARY, Canada -- Ithaca Energy expects to take a decision this fall on its Athena field development in the UK North Sea.

The Canadian company is more optimistic about prospects following the recent upturn in the oil price, and “greater commercial flexibility” in the oil service sector. The company is also discussing development of its Polly discovery with a major contractor.

In April, Ithaca produced its first oil as an operator on the UK shelf when its Jacky development came on stream in the Moray Firth.

A water injector well will be drilled shortly on Jacky, and this should be in service from October. Other plans include a workover in November of a well on the host Beatrice Alpha platform, and the resumption of water injection at the facility.

Ithaca is also lining up an appraisal well on its Stella discovery.

08/19/2009

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