Hartshead Resources NL said that the southern North Sea gas joint venture project on the Anning and Somerville fields has restarted following the Government’s Budget in October. SCHEDULE The Australian company is reviewing revised export routes and has meetings next month with the North Sea Transition Authority and partner Rockrose Energy Ltd, subsidiary of Viaro […]
Tag: Anning and Somerville gas fields – southern North Sea
Hartshead reduces workforce
Hartshead Resources NL has cut its workforce as it begins infrastructure funding talks that could “significantly” reduce its upfront phase I spending on the Anning-Somerville gas development. REGRETTABLE The company, already in negotiations for financing, said it could move initial capital expenditure into operating expenditure “via a tariff payable in respect of third party infrastructure […]
EPL concerns spark Anning-Somerville review
Hartshead Resources NL is reviewing the economics and timeline for phase 1 development of the Anning and Somerville gas fields following plans to increase UK oil and gas taxes. UNCERTAINTY The Labour Party said it could raise more than £13 billion by increasing the Energy Profits Levy from 35% to 38%, leading to the headline […]
Hartshead could sell further 20% of Anning-Somerville
Hartshead Resources NL has agreed an option to sell a further 20% in its licence P2607, in return for an uncapped free carry of gross costs for phase I project development. DE-RISKING The Australian company completed the original 60% farm-out deal in May with Viaro Energy Ltd’s subsidiary, RockRose Energy Ltd. Three months later it […]
Anning-Somerville survey completed for offtake routes
The pipeline route survey has been completed for the offtake routes from the Anning and Somerville gas fields joint venture in the southern North Sea. ENVIRONMENT Partners Hartshead Resources NL and Viaro Group subsidiary RockRose Energy Ltd engaged marine surveyor Gardline Ltd for more than a month to acquire a “large amount” of seabed technical […]
Anning-Somerville pipeline survey begins
Gardline vessel Ocean Observer has begun the pipeline survey for the gas off-take route from the joint venture Anning and Somerville fields in the southern North Sea. CONTRACT Australian company Hartshead Resources NL and Viaro subsidiary partner RockRose Energy Ltd expect the survey to complete in early October, subject to the weather. The 80.4 metre […]