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Hartshead has continued to progress the Phase I development of the Anning and Somerville gas fields with the award of Platform and Subsea Front-End Engineering Design (FEED) contracts to Petrofac, and has completed the initial phase of a partial divestment process with interest from a number of potential industry partners.
Hartshead continued to progress an investment process for industry partnering on the Company’s Phase I development of the Anning and Somerville gas fields in June. The process is aimed at selecting an industry partner for the Phase I field development.
Hartshead Resources has received a 'Letter of No Objection' from the North Sea Transition Authority ('NSTA') in respect of the development concept for the Phase I development of the Anning and Somerville gas fields, offshore UK.
Hartshead Resources has announced an upgrade in the Contingent Resources of the Anning and Somerville gas fields to Reserves following an independent technical audit of the Phase I Development Plan by ERC Equipoise (ERCE).