Fotla is a conventional oil development located in shallow water in the UK and is operated by Ithaca MA. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Fotla was discovered in 2021, lies in block 22/1b ALL, with water depth of around 431 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project will be approved in 2025. The development cost is expected to be $39 m.
Field participation details
The field is owned by Delek Group.
Production from Fotla
Production from the Fotla conventional oil development project is expected to begin in 2026 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2095.
About Ithaca MA
Ithaca MA Ltd, a subsidiary of Ithaca Energy Plc. is engaged in the exploration, production and supplying of crude petroleum. The company is headquartered in Leeds, England, the UK.
For more details on the Fotla Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
