Hartshead has reached a major milestone with the submission of its Phase 1 Concept Select Report (CSR) for its UK Southern Gas Basin assets to the North Sea Transition Authority.

It comes as Europe continues to struggle to secure its energy supplies and reduce its dependence on Russian gas, which makes up more than 35% of its imports.

The CSR sets out Hartshead Resources’ (ASX:HHR) preferred development concept, which consists of an unmanned dual platform development with gas transportation via a subsea tie-in to an identified offtake route.

It also ranks the selected concept against other potential development options, and includes a detailed description of the subsurface interpretation, planned development wells, production forecasts and facilities, gas transportation routes to market, QHSE, and commercial and economic aspects of the development.

Planning Ahead

The company’s Anning and Somerville gas fields are now entering into detailed engineering and environmental assessment, which will lead to a final field development plan as it progresses towards production.

“Every milestone like this is a step further towards Hartshead becoming a UK gas producer and playing our part in the UK’s energy security and energy transition,” chief executive officer Chris Lewis says.

“Seeing the development project take shape, and having a clear development plan and offtake route identified is immensely gratifying after all the hard work put in by the team so far.

“I now look forward to the next phase and submitting a final field development plan later this year.”

Phased gas development

The Phase 1 development seeks to produce gas from the Anning and Somerville fields that host best estimate (2C) Contingent Resources of 324 billion cubic feet of gas.

Hartshead’s selected development concept consist of six production wells from two wireline capable Normally Unmanned Installation (NUI) platforms at Anning and Somerville.

These platforms will then connect subsea to third party infrastructure for onward transportation and processing to entry into the UK gas network.

Peak production is estimated to be about 140 million standard cubic feet per day.

Phase 2 will tap the Hodgkin and Lovelace fields, which host further 2C Contingent Resources totalling 139Bcf, while the third phase contains new exploration prospects in its inventory that currently hosts Prospective Resources of 344Bcf.




This article was developed in collaboration with Hartshead Resources, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.