Ithaca Energy, a North Sea oil and gas operator and producer, has set the wheels in motion to get its hands on JAPEX UK E&P (JUK) from Japan Petroleum Exploration (JAPEX), which will enable it to boost its interest in a BP-operated oil field on the UK Continental Shelf (UKCS).

Ithaca Energy Continental Shelf BP-operated UKCS Japan Petroleum Exploration Supplementary Charge Tax Energy Profit Levy Yaniv Friedman Executive Chairman Central North Sea East Irish Sea Harbour Energy Offshore Energies Finance As Such