Hartshead Resources NL (ASX:HHR) has received a Letter of No Objection from the North Sea Transition Authority (NSTA) in respect of the development concept for Phase I development of the Anning and Somerville gas fields in the UK Southern Gas Basin.
Receipt of the letter now gives HHR the green light to submit a Field Development Plan, with the Assessment Phase of the Anning and Somerville field development concept now finalised.
HHR now intends to progress its Phase I development through the Front-End Engineering & Design (FEED) stage and submission of a FDP prior to the final investment decision (FID).
The letter follows a review of the 'Concept Select Report - P2607 Phase I Development Anning & Somerville', submitted to the NSTA in May.
Development concept
The selected development concept submitted within the CSR consists of six production wells from two wireline capable Normally Unmanned Installation (NUI) platforms at Anning and Somerville, which have been classified to hold combined 2P Reserves of 301.5 Bcf1 (52 MMboe) of gas following an independent technical and commercial audit by ERC Equipiose.
These platforms will then connect via a subsea pipeline to third-party infrastructure for onward transportation and processing to entry into the UK gas transmission network.
About Hartshead
Hartshead is focused on building a financially, technically and environmentally responsible European Energy business, with the goal of securing and investing in projects where resources can be extracted and delivered to meet Europe’s growing energy demand while supporting the transition to a low carbon future.
In progressing this strategy Hartshead is focused on its 100%-owned Production Seaward Licence P2607 comprising of five blocks which contain four existing gas fields in the UK Southern Gas Basin.