Hartshead (ASX: HHR) connects with Shell on critical gas offtake study

https://www.marketindex.com.au/asx/hhr

Amid skyrocketing UK domestic energy prices, Hartshead Resources will explore a tie-in of Hartshead’s Phase I gas field development to Shell’s infrastructure in the UK.

The study will assess the required brownfield modifications as part of the gas offtake route for the Anning and Somerville gas fields to be undertaken by Petrofac and managed by Hartshead.

Shell will provide project assurance before entering the next phase of engineering work, the Front-end Engineering and Design (FEED) and Field Development Plan (FDP) submission to the UK government.

The Engineering Study with Shell will define Hartshead’s route to transport its natural gas and condensate to the prospective points of sale, which the company says is a critical component of the future FEED and FDP workstreams.

*Schematic of Hartshead’s License P2607 and Assets with proposed Gas Transportation Route via Shell’s Southern North Sea Infrastructure to the Bacton Gas Processing Terminal.*

Shares ended the day trading at 3.1c.