Fitch Ratings is maintaining Ithaca Energy plc’s (Ithaca) Long-Term Issuer Default Rating (IDR) of ‘B’ and senior unsecured rating of ‘B+’ on Rating Watch Positive (RWP). The Recovery Rating is ‘RR3’.
Indonesia’s upstream industry is poised to grow strongly in 2024 and beyond as the government has offered number of blocks for exploration and production.
Ghana’s oil production is expected to rebound in 2024, with an anticipated increase of 5.0% to 177,120 barrels per day (b/d).
Ghana’s oil production will grow slightly in the near term, with crude oil and other liquids production increasing from 142,440 barrels per day in 2022 to 145,390, Fitch Solutions has disclosed
Ghana’s oil production outlook is hanging in the balance amid the delay of the Pecan Oilfield development.