Rosebank Gets Green Light
Equinor and Ithaca revealed that they will invest $3.8 billion in the project.
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Equinor and Ithaca revealed that they will invest $3.8 billion in the project.
North Sea oil and gas producer Ithaca Energy and Norway’s Equinor will invest $3.8 billion to develop the Rosebank field
Ithaca Energy has agreed to acquire the remaining 30% stake in the Cambo oil and gas field from Shell U.K. Limited, taking Ithaca Energy’s stake in Cambo to 100%.
The acquisition will provide Ithaca Energy with full control over the progression of the future development of Cambo, the second largest undeveloped oil and gas discovery in the UK North Sea.
Ithaca Energy will take full control of the Cambo oil and gas field following a deal to acquire Shell's 30 percent stake.