Ithaca Suspends Well at Jacky Field

Ithaca announced that the J03 well on the Jacky field has been suspended having encountered a smaller than anticipated oil column in the Beatrice 'A' Sand reservoir. Given the result of the well, technical work is ongoing to determine whether to re-enter the well and complete it as a water injector to maximize oil recovery from the Jacky field.

Meanwhile, the drilling unit for the J03 well, Northern Enhancer, currently located over the Jacky platform, will commence a workover operation to replace downhole pumps in the J01 production well. This operation is estimated to last approximately 15 days.