Our Vision and Strategy
Our vision
To be the leading independent oil and gas company with Scale. Stability. Strength. focused on responsibly serving energy needs while growing value sustainably and efficiently.
Our purpose
To serve today’s energy needs securely, responsibly and safely, while maximising shareholder returns.
Our mission
We are driven to succeed, to be a focused international E&P leader, maximising value for our shareholders.
We can only succeed if we work together, harnessing the collective expertise and experience of our people and partners.
A strategy for our Next Era
As we enter our Next Era of growth, we do so with a proven strategy and an additional avenue for value creation, supporting a pathway to Investment Grade status. We enter our Next Era of growth, following a truly transformational journey.
Spotlight on M&A
Ithaca Energy has a rich history in delivering value-accretive M&A and successful integration, having completed nine transactions over the last six years.
Delivering material M&A begins with our ability to imagine. With a clear vision of what we want to achieve, and a deep understanding of different value levers across our core UKCS basin, we identify the opportunities that we believe can maximise value creation.Our agility allows us to move quickly, responding to opportunities and market dislocation to deliver value accretive M&A. Moving into the integration phase, our experience allows us to efficiently integrate new assets into our portfolio, realising tangible synergies.
West of Shetland
We have strengthened our presence in oil developments in the West of Shetland Area through the continued delivery of the Rosebank development, with first production expected in 2026/27 and the continued maturation of the Cambo project towards a FID in 2026/27. Together these developments have the potential to unlock further exploration in the area.
Our 2025 farm-in to licences P2629 and P2630, containing the Tobermory discovery, has positioned Ithaca Energy as part of a new northern gas hub in the West of Shetland Area and a strategic infrastructure partner. In 2026, we will continue to mature two major gas areas, together with Adura, in the West of Shetland; the Greater Tornado Area, including the Suilven development identified as the area's first tie-back project; and the Greater Tobermory Area and pipeline infrastructure, acting as an enabler for further infrastructure-led exploration.
Our values
Our purpose is underpinned by our four core values. They guide how we work resiliently, collaboratively, openly and considerately.
Contact Us
Reach out to find out more on how we’re redefining North Sea oil and gas production