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Ithaca CEO Les Thomas

Ithaca Energy completed the acquisition of three producing U.K. oil field interests from Sumitomo, the company said in a press release Friday.

Ithaca acquired Summit Petroleum, a subsidiary of Sumitomo, which holds the Cook (20%), Pierce (7.48%) and Wytch Farm (7.43%) field interests.

Total value of the deal was $163 million.