Ithaca to take full control of UK Cambo field
The acquisition of Shell's interest has "minimal near-term cost exposure," Ithaca said, while giving the company full control over the progress of its development.
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The acquisition of Shell's interest has "minimal near-term cost exposure," Ithaca said, while giving the company full control over the progress of its development.
By Anthony O. Goriainoff Ithaca Energy said it has agreed to buy the remaining 30% stake in the Cambo field from Shell U.K., taking its stake to 100%, subject to fiscal conditions. The...
Ithaca Energy PLC said it plans to acquire the remaining 30% stake in Cambo from Shell PLC, subject to regulatory approval.
Ithaca Energy will buy out the stake of Shell in the Cambo oilfield, becoming the 100% owner of the West of Shetland project.
Ithaca Energy PLC on Tuesday said it will buy the remaining working interest in Cambo from Shell UK Ltd, part of Shell PLC, giving Ithaca full ownership of the undeveloped oil and gas discovery in the...