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Independent producer Ithaca Energy has bought a further 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of 116mn, it said in a stock exchange statement May 20. Two months ago Ithaca bought a stake in the Seagull field. This is the type of deals we like.” This is the type of deals we like.”
Agiba Petroleum, together with its shareholders, has successfully completed the fast-track development of the Iris Field, a major hydrocarbon asset in the Egyptian Western Desert. The discovery made in the Masajid Formation, a Late Cretaceous carbonate reservoir, marks a significant milestone in Agibas near-field exploration strategy.
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