Ithaca Energy is an independent exploration and production company specializing in the development and operation of oil and gas assets in the United Kingdom North Sea. The company’s core operations encompass a portfolio of producing fields, including Captain, Everest, and Alder, as well as interests in key discoveries such as Cambo. Headquartered in Aberdeen, Scotland, Ithaca leverages its technical expertise and operational capabilities to optimize reservoir performance, extend field life cycles and generate stable production from mature basins.
Founded in the early 2000s, Ithaca Energy has grown through targeted acquisitions and organic project development. In 2017, the company became part of the Delek Group, a diversified energy and infrastructure conglomerate, enhancing its financial capacity and strategic reach. More recently, Ithaca completed the acquisition of Siccar Point Energy in 2023, combining two leading North Sea operators and establishing a broader platform for exploration, appraisal and development activities. This transaction positioned Ithaca as one of the largest independent producers in the region.
Ithaca’s operations are supported by an experienced executive leadership team and a board with deep industry backgrounds. The company maintains a focus on capital discipline, safety and environmental stewardship while pursuing selective growth opportunities. With a staffed presence in Aberdeen and a network of technical partnerships, Ithaca continues to advance its development projects and exploration prospects, targeting efficient resource extraction and long-term value creation for stakeholders.
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