In an operational update ahead of full year results in March, independent producer Ithaca Energy has announced a $250 million North Sea capital expenditure programme in 2020.
Around two-thirds of this expenditure relates to activities at the Alba and Captain fields, as well as the Greater Stella Area (GSA). These include the start-up of the Vorlich field development in the GSA, scheduled for the middle of the year, and the sanction of the Phase II Captain enhanced oil recovery (EOR) investment programme scheduled for the first half of the year. Phase II involves extending the existing polymer EOR programme to the areas of the main reservoir of the field that are produced via subsea wells. Read more…
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