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Ithaca Energy, operator of the Captain field, is pleased to announce sanction of the Captain Enhanced Oil Recovery (EOR) Stage 2 project in the UK Central North Sea after receiving Field Development Plan Addendum consent from the Oil and Gas Authority (OGA).
EOR Stage 2 is the next phase of development at our Captain Field and is building on the success of EOR Stage 1. The project is designed to significantly increase hydrocarbon recovery by injecting polymerised water into the reservoir through additional subsea wells, subsea infrastructure and new topsides facilities.
Our Captain EOR project demonstrates our ability to deploy innovative technologies to access new areas, sustain production and increase resource capture. Stage 1 of the project has demonstrated that polymer EOR technology works, with the production response in line with or better than expected across all injection patterns, helping us ma ....
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About Ithaca Energy Ithaca Energy is an independent oil and gas company with production, development and exploration operations focused on the UK North Sea. The Company was founded in 2004 and has grown through a combination of acquisitions and new field developments. Our strategy is focused on establishing the company as a leading North Sea operator, delivering sustainable growth in free cash flow generation, underpinned by operational excellence and financial discipline.
Ithaca Energy is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited (TASE: DLEKG, US ADR: DGRLY), Israel s leading integrated energy company. For further information please consult the Company s website ....