During 3Q, the planned cessation of production occurred from the Anglia gas field in the UK southern North Sea.
Located about 60 km (37 mi) offshore in license P.128 blocks 8/18b, 48/19b, 48/19e, development consisted of an unmanned platform tied back via a 24-in. pipeline to ConocoPhillips’ Loggs complex; gas was processed onshore at Theddlethorpe.
In December 2010, Ithaca acquired 30% interest and became operator of Anglia in a transaction with GDF Suez E&P UK.
Production operations continue on the Athena oil field in the UK central North Sea. The company says a number of initiatives have had a significant impact on reducing the breakeven oil price, but production is likely to cease prior to the end of this year. The net daily production capacity of the two fields is approximately 1,000 boe/d.
Ithaca says full year production guidance remains unchanged at at 12,000 boe/d (95% oil).
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