On 25 June 2020 Ithaca acquired 100% interest in licence P2494 (block 13/22c) from Chrysaor. The licence hosts the 13/22b-4 (Phoenix) discovery that was made in 1990 and two undrilled prospects in the north of the licence named Ensign and East. P2494 is adjacent and directly south of licence licence P324 which contains the Captain field. The 13/22b-4 (Phoenix) discovery is some 6 km south of Captain field.   The P2494 licence was awarded to Chrysaor from the 31st licensing round in July 2019 as a straight to second term licence for the development of 13/22b-4 (Phoenix). The gas and condensate discovery is in the Burns Sandstone Member reservoir, trapped by a three-way dip closure and fault bound to the south. Chrysaor estimated GIIP volumes of 104 Bcf and 18 MMbbl of condensate.  After the deal was complete, Ithaca Energy (UK) Ltd holds 100% interest in P2494.
United Kingdom (Moray Firth Province), Ithaca took over Chrysaor's 100% in P2494 (block 13/22c). 