What is Ithaca Energy's new production forecast?

Ithaca Energy now expects full-year production of 109 to 119 thousand barrels of oil equivalent per day, up from an earlier estimate of 105 to 115 kboe/d.

What stake did Ithaca Energy acquire in the Cygnus gas field?

Ithaca Energy acquired an additional 46.25% stake in the Cygnus gas field, which is the largest UK Continental Shelf gas field.

How has Ithaca Energy's production changed recently?

Ithaca reported a rise in first-quarter production to 127.4 kboe/d, significantly up from 58.7 kboe/d a year earlier.

Why is the Cygnus gas field important?

The Cygnus gas field is a key contributor to the UK's energy security, making Ithaca Energy's acquisition significant for the region.

What other acquisitions has Ithaca Energy made recently?

Ithaca Energy has expanded its portfolio by acquiring stakes in several key oil and gas producing fields, including Eni's UK assets in 2024.

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Home > Finance > Ithaca Energy lifts annual production forecast after Cygnus field deal

Finance

Ithaca Energy lifts annual production forecast after Cygnus field deal

Published by Global Banking & Finance Review®

Posted on May 21, 2025

1 min read

Last updated: January 23, 2026

Ithaca Energy lifts annual production forecast after Cygnus field deal - Finance news and analysis from Global Banking & Finance Review

Ithaca Energy lifts annual production forecast after Cygnus field deal

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Ithaca Energy Increases Production Outlook Following Cygnus Acquisition

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