Ithaca Energy reports 2023 oil production down to 70,200 bpd, meets target range, and plans to increase project activity for 2024.

Ithaca Energy, a UK-based oil and gas company, reported a slight decrease in oil production for 2023, with an output of 70,200 oil-equivalent barrels per day, down from 71,400 in 2022. However, the company met its targeted range. The firm also revealed a dip in adjusted earnings for the year. Despite this, Ithaca Energy remains optimistic for 2024, with plans to ramp up project activity and support a targeted first oil date in 2026/27.

February 15, 2024
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