Today, Ithaca Energy stands as one of the largest independent oil and gas operators in the UK North Sea by production and resources, with stakes in six of the ten largest fields in the UK North Sea and two of largest developments, Rosebank and Cambo.
Our proven strategy and clear vision for value-accretive growth has seen the business execute two transformational phases, leading us to our new era of growth.
As the energy world transitions, Ithaca Energy is positioned to play a pivotal role in safeguarding the UK’s domestic energy supply, recognising that oil and gas will remain an important part of the long-term energy mix for decades to come.
We are guided by pragmatism and balance. Pragmatism, because the UK continues to need oil and gas. Balance, because we recognise our responsibilities to produce these resources while actively managing the environmental impact of our operations.
We acknowledge the fundamental challenge the energy transition poses to our industry and we remain committed to our sector’s response. Our decarbonisation goals reflect our belief in the environmental benefits of domestically-produced energy over high-emission imports.
We remain committed to investing in sustainable, high-value and long-term oil and gas production that will create increased value for our stakeholders and reduce the environmental impact of the UK’s oil and gas consumption.

Ithaca Energy announced the completion of its Business Combination with Eni UK in October 2024, creating a dynamic growth player with significant organic and inorganic investment optionality, delivering the oil and gas essential for energy security while supporting the UK’s decarbonisation targets.
View our Business Combination documents here.
Contact us for more on how we’re redefining North Sea oil and gas production