Ithaca halves budget amid ‘lower for longer’ price outlook

Aberdeen-based company says 2020 capital expenditure has been cut by 50% to approximately $120 million

Cutting costs: chief executive Les Thomas — Cutting costs: chief executive Les ThomasPhoto: Ithaca

Anamaria Deduleasa

London

Ithaca Chevron North Sea United Kingdom Financial

Published 7 April 2020, 09:59Updated 7 April 2020, 09:59