Hartshead Resources NL shares have been sold and transferred to ACAM GP Ltd as from 23 June 2026. PORTFOLIO The Australian company’s portfolio includes ownership and operatorship of licence P2670, containing five blocks, in the UK Southern Gas Basin. In May 2023, Hartshead farmed out 60% of the licence to Viaro Energy subsidiary, RockRose Energy […]
Tag: Anning and Somerville gas fields – southern North Sea
Hartshead to cut costs for Anning-Somerville
Hartshead Resources NL has submitted a new development programme with lower costs for the Anning and Somerville gas joint venture within P2607 in the UK southern North Sea. FUNDING Each field will retain an unmanned production platform and three production wells. Changes include the export of gas from Somerville through a 24 inch pipeline to […]
Hartshead restarts Anning-Somerville project
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 […]
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 […]