The UK independent said that it plans to spend $150 million on capital expenditure in 2015, with two-thirds of the outlay to go to GSA.

The remainder of the budget will be spent on the completion and tie-in of EnQuest's on-going Ythan development well, the continuation of the Wytch Farm well workover programme, asset maintenance activities and the cost of drilling two Norwegian wells net of tax rebates, Ithaca Energy said.

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