HHR 0.00% 0.7¢ hartshead resources nl

Ann: Operational Update & UK 33rd Offshore Licensing Round, page-17

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  1. 557 Posts.
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    I don't think we are going to see a "Shell Report" The last Quarterly Report said:

    "During the reporting period Hartshead announced that it had entered into an agreement with Shell UK
    Exploration & Production Limited (Shell), to undertake an Engineering Study for a tie-in of Hartshead’s
    Phase I gas field development to Shell’s infrastructure. The Study agreement provides a basis of design
    and cost estimate for the tie-in of facilities through Shell’s infrastructure detailing the required
    brownfield modifications as part of the gas offtake route for the Anning and Somerville gas fields.
    The study work, which has now commenced, is being undertaken by Petrofac and managed by
    Hartshead. Shell will provide project assurance, prior to entering the next phase of engineering work,
    which is the FEED, prior to FDP submission to the UK government."


    HHR has proceeded by awarding Petrofac the next stage (FEED) engineering, specifically to tie the 2 new unmanned platforms to Shell's infrastructure. So it's fair to assume Shell is comfortable with boundary criteria (flow rates, tie-in points, safety, and engineering) established by Petrofac and HHR is ok with the cost.

 
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