Ithaca sinks to $795 million loss and signals delay to BP North Sea scheme

North Sea explorer slashes 2020 capital investments by 50% and cuts onshore workforce by 25%

Budget cuts: says Ithaca chief executive Les Thomas — Budget cuts: says Ithaca chief executive Les ThomasPhoto: ITHACA ENERGY

Anamaria Deduleasa

London

Ithaca Energy Vorlich UK North Sea BP

Published 29 June 2020, 16:16Updated 29 June 2020, 16:18