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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Ithaca Farms-Out Interest in UK North Sea License to Shell

Shell plc Ithaca Energy Inc.
AnnouncedJun 17, 2013
TypeFarm-In/Farm Out
Announced Date
June 17,2013
Close Date
June 17,2013
Transaction Type
Farm-In/Farm Out




Snapshot
Asset/Basin:
{"UK North Sea"}
Location
Country
United Kingdom


Transaction Details:  Subscribe to see

Ithaca Energy Inc. announces the execution of further UK exploration farm-out transactions. The Company has executed a farm-out agreement with a subsidiary of Edison International SpA ("Edison") for a 25% interest in the licences containing the Handcross prospect and an agreement with Shell UK Limited ("Shell") concerning a licence awarded in the 27th UK Offshore Licensing Round.

Highlights
· As a result of the two farm-outs on the Handcross prospect, to Edison and RWE Dea, Ithaca has now reduced its share of the forecast cost of the Handcross exploration well to 6%, while retaining a 45%…

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