About Ithaca energy
Ithaca Energy: A Leading Oil and Gas Operator in the North Sea
Ithaca Energy is a well-known oil and gas operator that has been operating in the North Sea for many years. The company is focused on production, appraisal, and development activities in this region. With its extensive experience and expertise, Ithaca Energy has become one of the leading players in the industry.
The company's primary objective is to maximize shareholder value by delivering sustainable growth through exploration, development, and production activities. It aims to achieve this by maintaining a strong focus on operational excellence, safety, environmental stewardship, and social responsibility.
Ithaca Energy's operations are primarily focused on two key areas: Greater Stella Area (GSA) and Cook Field. The GSA is located approximately 280 kilometers east-southeast of Aberdeen in water depths ranging from 85 meters to 90 meters. It comprises three fields - Stella, Harrier, and Hurricane - which are tied back to a floating production storage offloading vessel (FPSO). The Cook Field is located approximately 20 kilometers northeast of the GSA hub platform.
The company's portfolio includes several producing assets such as FPF-1 (Floating Production Facility), which produces oil from the Athena field; Causeway Area Oil Fields; Cook Oil Field; Jacky Oil Field; Pierce Oil Field; Topaz Gas Condensate Discovery; Vorlich Discovery; Devenick Gas Discovery among others.
Ithaca Energy has an impressive track record when it comes to exploration success. In recent years it has made significant discoveries at Vorlich field with recoverable resources estimated at around 30 million barrels of oil equivalent (boe) net to Ithaca’s interest as well as Devenick gas discovery with recoverable resources estimated at around 50 billion cubic feet net to Ithaca’s interest.
The company also places great emphasis on sustainability initiatives aimed at reducing its environmental footprint. It has implemented several measures to reduce greenhouse gas emissions, including the use of renewable energy sources and the adoption of energy-efficient technologies.
Ithaca Energy's commitment to safety is evident in its excellent safety record. The company has implemented a robust safety management system that ensures all operations are conducted in a safe and responsible manner. It also provides regular training to its employees and contractors on safety procedures and emergency response protocols.
In conclusion, Ithaca Energy is a leading oil and gas operator with extensive experience in North Sea production, appraisal, and development activities. Its focus on operational excellence, sustainability initiatives, social responsibility, and safety has made it one of the most respected players in the industry. With its impressive track record of exploration success coupled with an unwavering commitment to sustainable practices, Ithaca Energy is well-positioned for continued growth and success in the years ahead.