Read More. “(Delek) are a long-term investor (and) very comfortable with having a majority ownership in a public vehicle,” Thomas told Reuters, adding there was no timeframe yet for a listing. February 3, 2020,
Ithaca Energy. Results, Reports and Publications. Israel's Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron's British North Sea oil and gas fields for $2 billion. Ithaca to take over all Greater Stella interests HSE. Keep up to date with our business news and upcoming events. REUTERS/Marco Bello/File Photo Ithaca Energy is one of the largest independent exploration and production companies in the UK with substantial production assets in the North Sea. The larger Leviathan project, in which Delek has a major share, is 84% complete and remains on schedule for gas sales to begin by the end of 2019, Delek said. We are a high performing independent North Sea oil and gas company, focused on growing value, delivering safer, ever cleaner, sustainable low-cost production for the long-term benefit of our stakeholders. Bachmann electronic GmbH Contact Us. Ithaca Energy Partners Inc. (IEP) is an umbrella supply chain execution platform for Guyana's Oil and Gas industry. Read More. Ithaca buys stake in Vorlich discovery Cash coming from the field after Jan. 1 will probably bring the price paid by Ithaca down to around $1.65 billion. Norway’s DNO this month said it aims to boost production in the North Sea by making more acquisitions, while ConocoPhillips recently sold its assets in the North Sea to private equity-backed Chrysaor. (Reuters) - Israel’s Delek Group moved closer to listing its Ithaca Energy subsidiary on Thursday by buying most of Chevron’s British North Sea oil and gas fields for $2 billion. This range reflects the expected timing for completion of various infill drilling campaigns, start-up of the Vorlich field, the program of planned maintenance shutdowns across the portfolio and sensitivities associated with the timing and performance of these operational programs.As part of a cyclical process, 2020 marks a year of significant planned maintenance shutdowns across the portfolio, the majority of which will impact production in the third quarter.
This is enhanced by our proven drilling, production development and decommissioning capabilities. Under pressure from a fall in oil prices to near 14-year lows of $26 a barrel in 2016, major oil and gas companies in the North Sea have been forced to sell assets to private equity-backed investors and specialized operators. Ithaca Energy is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel’s leading integrated energy company. Find out what we look for in Contractors and Suppliers and read our purchasing terms and conditions. The company’s debt facilities consist of a $1.65 billion reserves based lending facility plus $500 million senior unsecured notes.Ithaca Energy, a subsidiary of Israel’s Delek Group, has decided to acquire Chevron North Sea ...Petrofac has secured a construction and commissioning contract with Ithaca Energy valued in the regi...Following completion of acquisition of Chevron’s North Sea business, Delek Group-owned Ithaca ...Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to ...Bachmann M1: The integrated automation system Do you have your own powerful software platform? Ithaca Energy expects to pump $250 million (£190 million) into its North Sea assets this year as it begins work on developing its Vorlich field in the Greater Stella Area and continues work on its Alba and Captain fields.. Following completion of the acquisition of CNSL and transition program in November 2019, Ithaca said on Monday that the key focus of the on-going business transformation program for the enlarged business over the coming months was centered on process simplification, operational efficiencies, and value creation.The operational strategy of the company is to deliver a balanced blend of investment programs to sustain and enhance production through continued expansion of the Captain enhanced oil recovery (EOR) program, infill drilling, satellite field developments, and near-field exploration and appraisal activities.With the significantly enhanced organic investment opportunity set provided by the CNSL acquisition, a core operational priority for 2020 involves the maturation of additional targets to further enhance long-term production and reserves.Opportunities to augment the company’s existing portfolio and resource base remain a key component of the business plan, with a focus on potential strategic bolt-on acquisitions from which to leverage existing operating capabilities and experience, Ithaca said.In line with the corporate objectives of Ithaca’s parent company, the Delek Group, during 2020 the company anticipates exploring potential options to optimize its capital structure, including a potential initial public offering.On a pro-forma basis, taking into account the CNSL acquisition from the transaction effective date of January 1, 2019, full year 2019 production averaged 75,000 barrels of oil equivalent per day (boepd), 63% liquids.Production in 2020 is forecast to average between 70,000 to 75,000 boepd, approximately 65% liquids.
Summary Financials People Technology Signals & News. Careers. Discover what it is like to work at Ithaca Energy, view our current vacancies and find out how to apply online. We are a Guyanese Company with International experience that provides upstream and midstream support services to the industry.
Supply Chain Management. We have a high quality, diverse portfolio of assets.As a leading North Sea oil and gas operator, our goal is to deliver sustainable growth underpinned by operational excellence and financial discipline. Ithaca contributed 163 million shekels to Delek’s operating income in the quarter, up from 103 million a year earlier. Keep up to date with our business news and upcoming events. Delek launched the takeover offer for Ithaca Energy for a cash consideration of C$1.95 per share in February 2017. You'll discover a world of extraordinary opportunity, challenge and fulfilment where you can pursue goals, develop new skills and follow a rewarding career path.Register for our email alerts and receive latest news and events
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