Ithaca Energy’s chairman says the company could sanction the West of Shetland project on its own but would prefer to bring in partners ahead of any major decisions.
A number of the UK’s biggest operators have axed projects or scaled back spending in response to the levy, and “Ithaca is not immune to that”.
Aside from the giant Rosebank and Cambo oilfields - the former expected to be sanctioned this year - there’s a pair of smaller projects in the FID pipeline for Ithaca Energy (LON: ITH).
North Sea producer Ithaca Energy (LON: ITH) has posted pre-tax profits of more than $2bn in its first set of results since its London debut.
Ithaca Energy (LON: ITH) has hinted at contracts on the horizon for the Cambo oilfield, with “line of sight” to sanctioning the project next year.
The looming threat of changes to the UK windfall tax is the “biggest question” hanging over development of the huge Cambo and Rosebank oilfields.
A top boss at Ithaca Energy (LON: ITH) hopes the company's initial public offering (IPO) in London will mark a “turning point” for investment in the North Sea.
Ithaca Energy has completed its acquisition of Cambo operator Siccar Point Energy.
Ithaca Energy will make its IPO in London “as soon as possible” this year, according to parent firm Delek Group.
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.