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.

Offshore staff

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 side tracks, using the Awilco semisubmersible WilPhoenix.

In August the jackup Valaris 120 drilled an exploration well on the Harbour Energy-operated Jade South prospect.

Earlier, Heerema’s crane vessel Thialf completed removal of the Jacky platform topsides and jacket structure, which included a central column and suction pile foundation.

11/30/2021

Sign up for our eNewsletters
Get the latest news and updates
Subsea Tieback Forum & Exhibition
SAVE THE DATE
Subsea Tieback Forum & Exhibition
February 16 - 18, 2027
Henry B. Gonzalez Convention Center, San Antonio, TX