Ithaca Energy has completed its “transformational combination” with Eni’s UK upstream oil and gas assets, it said October 3. Among the assets that remain in Eni’s ownership are its carbon capture and storage interests in the East Irish Sea. The new company will rival Harbour Energy, which last month completed its takeover of Wintershall DEA, as the biggest UKCS producer.
Ithaca said the details in the significant transaction announcement of late July were unchanged.
Eni’s Luciano Vasques is the new company’s CEO.
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