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Operations/Assets
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Central North Sea
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Greater Stella Area
Inner Moray Firth
Outer Moray Firth
Central North Sea
Cook
Greater Stella Area
Stella
Harrier
Hurricane
Helios
Southern North Sea
Project Pipeline
Greater Stella Area
The Greater Stella Area became a core focus for Ithaca with the purchase of a 66.66% working interest in the Stella and Harrier undeveloped discoveries from Shell and Esso in August 2008. Ithaca expanded its portfolio in this area with the award of one part block in the area in the 25th UKCS Licensing Round and one part block in the 26th Round. These blocks contain the Hurricane and Helios undeveloped discoveries respectively.
This area lies in the heart of the prolific Central Graben of the North Sea and is surrounded by numerous producing fields and undeveloped discoveries. Major E&P companies including Total, Shell, ExxonMobil, BG, BP, Maersk and ConocoPhillips operate platforms and pipelines in the area which provide several options for the export of hydrocarbons from the development.
Having taken over operatorship of the Stella/Harrier block from Maersk in November 2009, Ithaca drilled an appraisal well on the Stella discovery in early 2010. In Q3 2010 Challenger Minerals (CMI) completed on an Earn In deal for a 18% equity in the Stella/Harrier licence by funding 27% of the appraisal well cost.
The development scheme is likely to involve up to 5 production wells drilled from a sub-sea drilling centre on Stella and 2 further production wells drilled on Harrier. The Harrier centre will be tied back to the Stella where the hydrocarbons from both fields (oil and gas) will be combined.
To fully leverage development synergies on Stella and Harrier, appraisal of the Hurricane discovery is planned for early 2012. On success this will permit fasttrack co-development of the Hurricane through the Stella hub.
Ithaca continues to explore for additional opportunities to in the area which may be tied into the Stella hub for production
Block(s)
Licence
Operator
Partners
29/10b
P.1665
Ithaca (54.66%)
Dyas (25.34%), Petrofac (20%)
29/10a Upper and 30/6a Upper
P.011
Ithaca (54.66%)
Dyas (25.34%), Petrofac (20%)
29/10d
P.1814
Ithaca (54.66%)
Dyas (25.34%), Petrofac (20%)