Business North Sea Stella start-up will slash costs to $20 a barrel at Ithaca By Mark Lammey August 15 2016, 11:09 am August 15 2016, 11:09 am Share North Sea Stella start-up will slash costs to $20 a barrel at Ithaca Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/1000046/north-sea-stella-start-will-slash-costs-20-barrel-ithaca/ Copy Link Petrofac's FPF-1 unit. Image: DCT Media. Ithaca Energy (LON:IAE) said today that its operating costs would drop to $20 a barrel following first oil from its North Sea Stella field. In revealing its financial results for the first half of 2016, the company said it was on track for start-up on the project in November. For full story visit our sister site, Energy Voice.