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Ithaca Energy Acquires three UK Oil Fields

August 3, 2014

Ithaca Energy Inc. is pleased to report that, further to the announcement made on 23 June 2014, it has now completed the acquisition of the three UK producing oil field interests from Sumitomo Corporation (“Sumitomo”). Ithaca has acquired Summit Petroleum Limited (“SPL”)…

Ithaca Energy's $300M Senior Notes Pricing

July 2, 2014

Ithaca Energy Inc. announced that it has priced its offering of $300 million aggregate principal amount of 8.125% senior unsecured notes due 2019 at par. Interest will be payable semi-annually. The offering is expected to complete on or about 3 July 2014…

STELLA B1 Well Flow Test Completed

June 29, 2014

Ithaca Energy Inc. announced completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day. Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stella field.

Floating Production Systems Report And Online Database

  • Annual five year outlook and forecast – At the start of each year we prepare a detailed assessment of future deepwater development and forecast the pace of orders for floating production systems over the next five years. Our 2021 annual report looks at market conditions likely to prevail through 2025 and provides our assessment of which of the 200+ floater projects in the planning queue will reach the final investment decision by end-2025
  • Monthly reports - Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 100 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In our May report we revisit the annual forecast and make revisions as needed.
  • Online database - The online database is updated every day – with information direct from primary sources. In the database are details for 200+planned projects, 390+ installations in service, 40+ floaters on order and 40+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database. Data are easily exported to excel spreadsheet.
  • Customer support - We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

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Ithaca'a Proposed Senior Unsecured Notes Offer

June 23, 2014

Ithaca Energy Inc. announced that it intends to offer $300 million in aggregate principal amount of senior unsecured notes due 2019 (the "Notes"). The Notes, the net proceeds of which will be used to partially repay (without cancelling) the…

Ithaca Energy Operations Update Ahead of Shareholders Meet

June 17, 2014

Ithaca Energy Provided its operations update ahead of today’s Shareholders Meeting. The details are as follows. The third development well on the Stella field, well 30/06a-B1X (“B1”), has been successfully drilled to a total measured depth subsea of 16,185 feet.

Oil Firms Sweat Aging North Sea Assets

April 25, 2014

Services firms compete for late life assets; $335 billion prize still up for grabs. Streamlining processes and better planning are vital. Smaller oil producers are teaming up with engineering and oil services companies in Britain's North Sea…

Major Milestone in Greater Area Stella Development

August 14, 2013

Costain Upstream’s project management and development engineering specialist EPC Offshore (EPC) said it has marked a major milestone in Ithaca Energy’s Greater Area Stella development with the load out of the subsea structures completed on time and within budget.

DeepOcean Win North Sea Trenching Contract

April 18, 2013

DeepOcean UK, contracted by Technip for trenching services on the Stella Field Development, operated by Ithaca Energy. The contract includes project management, engineering and associated trenching and backfilling works for the infield flexible flowlines and umbilicals.

DeepOcean Awarded North Sea Trenching Contract

April 16, 2013

DeepOcean U.K., Ltd., a subsidiary of DeepOcean Group Holding BV, announced an award from contractor Technipfor trenching services on the Stella Field Development, Operated by Ithaca Energy. The contract includes project management, engineering…

Technip Gets North Sea Contract

July 30, 2012

Ithaca Energy (UK) awards Technip an EPIC subsea Greater Stella Area (at depth of 90 meters) development contract The Greater Stella Area (GSA) development is located in the North Sea, 280 kilometers East-Southeast of Aberdeen, Scotland at a water depth of approximately 90 meters.

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