Ithaca Energy cuts capex by 60%

London-listed Ithaca Energy is to chop its capital expenditure by 60% this year, with the bulk of the budget going towards getting its delayed Greater Stella Area (GSA) oil and gas project into production.

Demobilisation due: Ensco 100 rig set to wrap development drilling on Stella next month
Demobilisation due: Ensco 100 rig set to wrap development drilling on Stella next month
Published 12 January 2015, 09:18Updated 12 January 2015, 10:54
Europe