Ithaca Completes Acquisition in Shell Discovery, Farms Down Fotla
Ithaca Energy has completed the acquisition of a 50% stake in two Shell licenses in the West of Shetland Basin, signaling a continued investment in UK offshore exploration. Simultaneously, Ithaca is farming down its interest in the Fotla project in the North Sea to Harbour Energy, potentially optimizing its portfolio and risk exposure.
Rigzone · May 22, 2026