Ithaca Energy, a North Sea oil and gas producer, has entered into an exclusivity agreement with Eni to potentially acquire its UK upstream assets. This deal comes as Ithaca Energy's annual profit has declined due to the impact of the UK windfall tax. The company has been given a four-week window to make an offer for Eni's assets, which include fields recently acquired from Neptune Energy. The talks between Ithaca Energy and Eni are described as 'advanced'.
Ithaca Energy gets bid rights on Eni’s British assets https://t.co/OtqwnsKITh
Ithaca Energy in exclusive talks for Eni’s UK upstream assets https://t.co/UZyVm06TcW
Ithaca Energy Studies Deal for Eni’s UK Upstream Assets Firms enter into exclusivity agreement, talks are ‘advanced’ Assets include recently acquired fields from Neptune Energy #oott https://t.co/PS5dlk4Dpw
Ithaca Energy gets 4 weeks to make offer for Eni's UK assets #oott https://t.co/W3Jn3ZWlHg
Ithaca Energy annual profit slides as UK windfall tax weighs #oott https://t.co/fW6ErXuCJu
North Sea oil and gas producer Ithaca Energy enters into an exclusivity agreement in relation to a potential deal for Eni’s UK upstream assets https://t.co/CotvZraxTh