Ithaca outlines $444m capital spending for 2022 as Abigail and Captain make progress
- Date: 26-May-2022
- Source: Energy Voice
- Sector:Financial Markets
- Country:Gulf
Ithaca outlines $444m capital spending for 2022 as Abigail and Captain make progress
Capital expenditure for Ithaca Energy is expected to hit $444m in the North Sea this year as two projects progress.
Reporting its Q1 results, the operator said the Abigail field, produced via the FPF1, is on track for first oil in Q3 of this year.
Meanwhile its captain enhanced oil recovery stage 2 scheme will start producing next year.
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