• Hartshead has announced the completion of the Geophysical Survey covering the Anning and Somerville field developments.
• All work was successfully completed within budget and without incident.
• Hartshead has commenced a new phase of project work focussed on first gas production, following completion of the farm-out and consequential equity funding for development.
• Survey completed using GEOxyz’s assets and resources (Geo Ocean III vessel and staff).
• The results of the geophysical survey will form a critical component of the Environmental Statement and understanding of the seabed and pipeline route conditions at the Anning and Somerville field locations required for the platform FEED jacket design verification.
• Completion of $20m placement sees Hartshead well-funded to progress key project works.
• Hartshead moving forward with key project workstreams, including completing Front End Engineering and Design (FEED) and submitting the Field Development Plan (FDP).

Hartshead Resources has successfully completed the Geophysical Survey across the Anning and Somerville fields and interfield pipeline locations using GEOxyz’s Geo Ocean III vessel.

The Geo Ocean III is a 77 metre second generation Dynamic Positioning (DP2) MultiDisciplined Offshore Survey Vessel, with specialist deep-push Cone Penetration Testing (CPT) and vibrocoring capability.

The main objectives of the geophysical survey were to provide the Company with an interpretation of the seabed geomechanical and engineering conditions at the Anning and Somerville field locations as well as an environmental baseline survey and habitat assessment, as the Company advances towards First Gas.

The survey consisted of the following components:

• A detailed analogue and 2D high resolution survey over a 1,000 metre x 1,000 metre square box centred on the Anning and Somerville jacket locations;
• A 400 metre X 400 metre more detailed analogue survey to inform the exact emplacement of the Anning and Somerville jackets;
• Onshore and offshore laboratory testing of seabed samples taken during the sampling operations. Onshore laboratory testing is still to be completed.

The results of the Geophysical Survey will form part of the Environmental Statement which is a key component of the Field Development Plan (FDP) submission and is also required for the Platform Front-End Engineering Design (FEED) jacket design verification. 

The Company is extremely active as it completes the outstanding workstreams aimed at bringing the project to FID, targeted for Q3 2023. The phase 1 development continues to present a highly unique and compelling development opportunity for the Company and shareholders as the up and coming near term milestones include:

• Completion of FEED Q2 2023
• Submission of the FDP Q2 2023
• Execution of debt financing Q3 2023
• Target FID Q3 2023

Chris Lewis, Hartshead CEO, commented: 
“We are proud to have safely conducted our first offshore operations and surveying the location where the Anning and Somerville gas production platforms will be installed in the near future. This was a successful campaign and I would like to extend my gratitude to the entire operations team including the offshore and onshore staff of GEOxyz. We now have a very busy period ahead as we deliver key milestones on the road to taking FID on Phase 1 later this year.”

KeyFacts Energy: Hartshead UK country profile