Ithaca concludes Chevron North Sea transaction

Ithaca Energy Ltd. has completed its $2-billion purchase of Chevron North Sea.

The company acquired 85% interest in the Captain field in the UK North Sea.
The company acquired 85% interest in the Captain field in the UK North Sea.
(Courtesy Ithaca Energy)

Offshore staff

ABERDEEN, UKIthaca Energy Ltd. has completed its $2-billion purchase of Chevron North Sea.

The transaction gives the company 10 more producing field interests in the UK North Sea, which are as follows:

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Chevron remains financially responsible for the decommissioning obligations of its former subsidiary in the Heather and Strathspey fields and for costs involved in the Cambo exploration well west of Shetland.

11/11/2019

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