Ithaca expects Britain's Rosebank oilfield to be approved this year

Ithaca Energy's Executive Chair Gilad Myerson said on Wednesday there was a "very high likelihood" that Britain's Rosebank oilfield development will be approved by authorities.

A formal sanctioning of the project could take place by the end of the year, or even sooner, he told Reuters on the sidelines of an energy conference in Norway.