Skip to content
Finance Investment, Oil Mining Resources

Hartshead Resources (ASX:HHR) – UK SOUTHERN GAS BASIN – OPERATIONAL UPDATE & PROGRESSIONS TOWARDS DEVELOPMENT

Hartshead Resources NL (ASX:HHR) < 1 mins read
  • Phase I Development Field Development Plan (FDP) nearing completion and submission to North Sea Transition Authority (NSTA)
  • Inaugural Work-Group with RockRose Energy part of Viaro Group and Hartshead technical and commercial teams set for Thursday 25th May 2023
  • Project plan focussed on first gas production for 2025 is on track, following completion of the farm-out and consequential equity funding for development.
  • Phase 1 Front End Engineering Design (FEED) is now 90% complete.
  • Application decision for the UK 33rd Offshore Licensing Round expected in H2 2023

Hartshead Resources NL (Hartshead, HHR or the Company) is pleased to announce that it is nearing completion of the FDP for the Phase I development of the Anning and Somerville gas fields. The Company expects to have finalised the FDP and be in a position to submit it to the NSTA within the next few weeks.

The Phase 1 development of Anning and Somerville fields will be achieved with a total of 6 production wells. These wells will be produced through two un-manned minimum facilities platforms tied back via a 40km export pipeline to the Shell operated Corvette facility. From there the Anning and Somerville gas production will be transported to the onshore Bacton Gas Terminal via Shell’s Leman system and pipeline.

The FEED work for the Phase 1 development is now approximately 90% completed. The completion of FEED will be a significant milestone as the Phase 1 development progresses towards FID (Field Investment Decision) and the execution phase.


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

Media

More from this category

  • CharitiesAidWelfare, Finance Investment
  • 14/10/2024
  • 13:00
Media alert

On October 29th and 30th, ICMEC Australia will shine a light on the critical battle against child sexual exploitation.

ICMEC Australia will spotlight the critical fight against child sexual exploitation at the SaferAI for Children Summit and the ICMEC Australia Symposium, both taking place in Sydney in late October. The Safer AI for Children Summit on October 29 will explore the role of AI in victim identification and preventive strategies against child sexual exploitation (CSE). The following day, the Financial Crime Symposium on October 30 will bring together leaders from financial services, cryptocurrency, travel, telecoms, ISPs, law enforcement, and the public sector to enhance collaboration in combatting and preventing child sexual exploitation. These initiatives will highlight ongoing efforts to…

  • Finance Investment, Medical Health Aged Care
  • 14/10/2024
  • 09:42
Jane Morgan Management

LTR Pharma (ASX:LTP) SPONTAN® Achieves 470% Faster Absorption in Completed Pivotal Study

Sydney, Australia – 14 October 2024 – LTR Pharma Limited (ASX: LTP) (“LTR Pharma” or “the Company”) is pleased to announce the successful completion of the pivotal clinical study for SPONTAN®, the Company’s novel intranasal formulation of vardenafil for the treatment of erectile dysfunction (ED). The study’s pharmacokinetic and safety data demonstrate SPONTAN’s rapid onset of action and enhanced bioavailability compared to traditional oral ED medications, positioning it as a potential market disruptor in the global ED market. Key Highlights: 470% Faster Absorption: SPONTAN® achieved a time to maximum plasma concentration (Tmax) of just 12 minutes, compared to 56 minutes…

  • Contains:
  • Building Construction, Finance Investment
  • 14/10/2024
  • 09:00
UNSW Sydney

Construction nightmares: How builder bankruptcies are costing Aussie homeowners millions

If there is an industry in Australia that needs confidence right now, it’s the residential construction sector. Yet, at a time of unprecedented need…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.