BRIEF-Ithaca says Greater Stella Area co-venturers have signed agreement with Petrofac
Sept 28 (Reuters) - Ithaca Energy Inc :
* Greater Stella Area co-venturers have entered into an agreement with Petrofac in respect of "FPF -1" floating production facility
* Agreement provides enhanced incentivisation for timely delivery of vessel, which remains on track for sail-away from shipyard in Poland at end of first quarter 2016
* Ithaca will pay Petrofac $13.7 million in respect of final payment on variations to contract
* Further payment to Petrofac of up to $34 million will be made by Ithaca dependent on timing of sail-away of FPF-1 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)
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