Ithaca to Acquire JAPEX UK E&P Ltd for $193mn, Build its Seagull Field Interest

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 25.Mar.2025) — UK independent Ithaca Energy signed a sale and purchase agreement to acquire the entire issued share capital of JAPEX UK E&P Limited (JUK) from Japan Petroleum Exploration Co. Ltd for an enterprise value of $193mn based on an effective date of 1 Jan. 2024. 

JUK holds a 15% working interest (WI) in the Seagull oil field in the UK North Sea.