Daily production from the well is expected to initially exceed 5,000 barrels of oil per day when the well comes on stream in the second quarter of 2011.
The company said that production history and detailed subsurface work has identified a currently unswept area within the field to the north of the existing production well.
Ithaca, as operator, has contracted the Energy Enhancer jackup rig owned by Northern Offshore Limited to drill a deviated well from the Jacky platform out to the target area.
The well will be completed with electrical submersible pumps and will be tied in to the existing Jacky production manifold for export via the Beatrice Alpha processing facility.
Drilling is scheduled to commence in late February 2011 and the program will last for approximately 72 days at an estimated cost of $38m.
Partners in the Jacky field are Ithaca (47.5%), Dyas UK (42.5%) and North Sea Energy (10%).
