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Ithaca Energy to acquire JAPEX UK E&P from Japan Petroleum Exploration

Summary by BizToc

In This Article: UK-based Ithaca Energy has signed a sale and purchase agreement to acquire the complete issued share capital of JAPEX UK (JUK) E&P from Japan Petroleum Exploration. The transaction, carrying an $193m (£149.5m) enterprise value based on an effective date of 1 January 2024, is set…

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offshore-technology.com

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BizToc

Ithaca Energy to acquire JAPEX UK E&P from Japan Petroleum Exploration

UK-based Ithaca Energy has signed a sale and purchase agreement to acquire the complete issued share capital of JAPEX UK E&P from Japan Petroleum Exploration.

5 days ago

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USA Herald

Ithaca Energy to acquire JAPEX UK for $193M - USA Herald

In a decisive expansion push, Ithaca Energy PLC announced Tuesday that it will acquire the U.K. subsidiary of Japan Petroleum Exploration Co. Ltd. (JAPEX UK) in a $193 million deal, increasing its stake in a high-margin North Sea crude oil and natural gas project. The acquisition is a strategic maneuver that underscores Ithaca’s aggressive growth Ithaca Energy to acquire JAPEX UK in a $193M deal, boosting its stake in the North Sea’s Seagull oil

6 days ago

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Hart Energy

Ithaca Grows in UK North Sea with $193MM JAPEX Deal

Ithaca Energy is paying $193 million to acquire JAPEX UK E&P, which holds a 15% working interest in the Seagull oil field of the U.K. Central North Sea.

6 days ago

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Drilling Contractor

Ithaca Energy acquires JAPEX UK E&P - Drilling Contractor

Ithaca Energy signed a sale and purchase agreement to acquire the entire issued share capital of JAPEX UK E&P Limited (JUK) from Japan Petroleum Exploration for an enterprise value of $193 million based on an effective date of 1 January 2024. JUK holds a 15% working interest in the Seagull oil field in the UK … The post Ithaca Energy acquires JAPEX UK E&P appeared first on Drilling Contractor.

6 days ago

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Energy Voice

Ithaca expands Seagull holding with JAPEX UK purchase

Ithaca Energy has acquired JAPEX UK (JUK) from its parent company, gaining the company’s 15% interest in the Seagull oil field. The post Ithaca expands Seagull holding with JAPEX UK purchase appeared first on Energy Voice.

6 days ago·United Kingdom

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