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 […]
Tag: RockRose Energy Ltd
Anning-Somerville under review after EPL concerns
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 […]
EnQuest agrees £46m sale of Bressay interest
EnQuest plc has agreed a £46 million sale of a 15% working interest in the North Sea Bressay field and its producer FPSO* to RockRose UKCS 10 Ltd. PRODUCTION RockRose, subsidiary of Viaro Energy, will pay an initial £34.75m and the remaining £11.25m from future Bressay cash flows. RockRose will pay its equity share of […]
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 […]
Gardline begins pipeline survey for Anning-Somerville
Gardline vessel Ocean Observer has begun the pipeline survey for the gas offtake route from the joint venture Anning and Somerville fields in the southern North Sea. EPCI 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 […]
Gardline awarded Anning-Somerville pipeline survey
The Anning and Somerville joint venture has chosen Gardline Ltd for the geophysical pipeline survey for the gas offtake route. OPERATORSHIP Australian company Hartshead Resources NL and Viaro Group subsidiary RockRose Energy Ltd expect the 80.4 metre MV Ocean Observer will mobilise to the two fields to begin operations in September 2023. Gardline will confirm […]