Completion of Acquisition of JAPEX UK E&P Limited
Ithaca Energy is pleased to announce that its acquisition of the entire issued share capital of JAPEX UK E&P Limited (“JUK”) from Japan Petroleum Exploration Co., Ltd., announced on 25 March 2025, has completed with all conditions precedent to the transaction having been satisfied.
The acquisition increases Ithaca Energy’s working interest in the well-understood and high-value Seagull field from 35% to 50%, equalling bp’s interest as the field operator, and adding pro forma 2025 production of approximately 4 – 4.5 kboe/d.
