– UK, Aberdeen – Ithaca Energy plc (LON: ITH), a leading independent oil and gas operator in the North Sea today announced the appointment of Yaniv Friedman as Executive Chairman. Dave Blackwood, CBE who has temporarily served as non-executive Chairman will return to his role as a non-executive director.
About Yaniv Friedman
Yaniv Friedman has significant global executive experience working in the energy and infrastructure sectors and brings considerable strategic, commercial, public company,y, and M&A expertise. He most recently held the role of CEO of Modiin Energy LP, an oil and gas partnership listed on the Tel Aviv Stock Exchange with operations including development projects in the US as well as exploration offshore Israel. Before this, Yaniv Friedman served as Deputy CEO of Newmed Energy LP, Israel’s leading energy partnership in the exploration, development, production,n, and sale of natural gas. Yaniv has also held other senior executive positions in public and private energy companies.
About Ithaca Energy plc
Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programs and acquisitions and has seen a period of significant M&A-driven growth centered upon two transformational acquisitions. Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf, ranking second by resources.
With stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields, and with energy security currently being a key focus of the UK Government, the Group believes it can utilize its significant reserves and operational capabilities to play a key role in delivering security of domestic energy supply from the UKCS.
Ithaca Energy serves today’s needs for domestic energy by operating sustainably. The Group achieves this by harnessing Ithaca Energy’s deep operational expertise and innovative minds to collectively challenge the norm, continually seeking better ways to meet evolving demands.
Ithaca Energy’s commitment to delivering attractive and sustainable returns is supported by a well-defined emissions-reduction strategy with a target of achieving net zero by 2040.
For more: https://www.ithacaenergy.com/
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