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Ithaca Energy
Ithaca Energy plc is a British oil and gas company operating in the North Sea. Headquartered in Aberdeen, Scotland, it is listed on the London Stock Exchange, is a constituent of the FTSE 250 Index and is a subsidiary of the Israeli-owned Delek Group.
Ithaca Energy was originally founded in Canada in 2004. It shifted its focus to the North Sea and grew through acquisitions and organic development and moved to the UK when it took over operations in the Beatrice oil field in 2008.
In December 2010, Ithaca Energy became operator of the Anglia gas field by acquiring 30% stake in the field from GDF Suez E&P UK.
It traded on the Alternative Investment Market until it was acquired by an Israeli-based company, Delek Group, in 2017.
The company acquired Siccar Point Energy for $1.5 billion, giving it stakes in the Rosebank oil and gas field and the Cambo oil field, in July 2022.
The company was the subject of an initial public offering on the London Stock Exchange in November 2022.
Delek Group still retains in excess of 75% ownership and voting rights.
Ithaca Energy's core business is the exploration, development, and production of hydrocarbons in the UK Continental Shelf. Its portfolio comprises a mix of operated and non-operated assets, spread across the Northern and Central North Sea, as well as West of Shetland. The company's asset base includes interests in several key fields, such as the Greater Stella Area.
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Ithaca Energy
Ithaca Energy plc is a British oil and gas company operating in the North Sea. Headquartered in Aberdeen, Scotland, it is listed on the London Stock Exchange, is a constituent of the FTSE 250 Index and is a subsidiary of the Israeli-owned Delek Group.
Ithaca Energy was originally founded in Canada in 2004. It shifted its focus to the North Sea and grew through acquisitions and organic development and moved to the UK when it took over operations in the Beatrice oil field in 2008.
In December 2010, Ithaca Energy became operator of the Anglia gas field by acquiring 30% stake in the field from GDF Suez E&P UK.
It traded on the Alternative Investment Market until it was acquired by an Israeli-based company, Delek Group, in 2017.
The company acquired Siccar Point Energy for $1.5 billion, giving it stakes in the Rosebank oil and gas field and the Cambo oil field, in July 2022.
The company was the subject of an initial public offering on the London Stock Exchange in November 2022.
Delek Group still retains in excess of 75% ownership and voting rights.
Ithaca Energy's core business is the exploration, development, and production of hydrocarbons in the UK Continental Shelf. Its portfolio comprises a mix of operated and non-operated assets, spread across the Northern and Central North Sea, as well as West of Shetland. The company's asset base includes interests in several key fields, such as the Greater Stella Area.