Siccar Point Energy to be Acquired by Ithaca Energy

Source Press Release
Company Siccar Point Energy Ltd.Delek Group Ltd.Ithaca Energy Inc. 
Tags Corporate Deals, Deals, Upstream Activities
Date April 07, 2022

Siccar Point Energy has announced it has signed a sale and purchase agreement with Ithaca Energy. The transaction is expected to close around the end of Q2 2022. Jonathan Roger, CEO of Siccar Point Energy, commented: 

“We are proud of what Siccar Point Energy has achieved as a result of the dedication of our team and support of our sponsors, Blackstone and Bluewater, and combining our business with Ithaca Energy is a natural step to take the portfolio through the next stage of organic growth. Ithaca is extremely well placed, given its material production base, to pick up the baton and unlock the significant growth opportunities in the Siccar Point portfolio. This will ensure the UK continues to deliver reliable UK oil and gas production for powering homes and businesses and manufacturing essential products, maintaining energy security during the planned energy transition. We look forward to working with the Ithaca Energy team to support the integration of the businesses.” 

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