“Sumitomo’s path to lower carbon energy will continue with the divestment of Summit Exploration and Production Limited, where a Sales and Purchase Agreement was signed on 28th February by Sumitomo Corporation and Ithaca Energy .
John Austin, CEO of Summit E&P Ltd, said: “Summit E&P has been refocusing its interest over the last two years, away from fossil fuels and towards the new low carbon energy systems which are rapidly developing in the UK.