Ithaca Energy completed the acquisition of North Sea business of JAPEX for $136m.

Ithaca Energy, a North Sea oil and gas operator, completed the acquisition of North Sea business of JAPEX, a hydrocarbon exploration, production, and transportation company, for $136m. "We are delighted to complete the acquisition of JUK, in line with our estimated completion date, illustrating the Group's proven execution capabilities. The highly accretive acquisition demonstrates the Group's continued delivery of our low-risk inorganic growth strategy, adding incremental production, reserves and cash flow from a high-quality asset at attractive investment metrics," Yaniv Friedman, Ithaca Energy Executive Chairman.