Hartshead Resources NL announced that its wholly owned UK subsidiary and Licensee of UK Seaward Production License P2607, Hartshead Resources
Limited (Hartshead or HRL), has been approved as Sub-Area Operator to License P2607 covering blocks 48/15c, 49/11c, 49/12d, 49/17b and 49/6c by the UK North Sea Transition Authority (NSTA). Hartshead's recent application to the NSTA for Operatorship of License P2607 set out the technical
and management competence of Hartshead to demonstrate its capability to plan, organise, supervise and conduct petroleum operations for this License. As part of the Field Operator's responsibilities, Hartshead intends to select and appoint a competent company as Well Operator and as the Phase I field development continues into the production phase, Hartshead will select and appoint competent companies to act as Installation Operator and Pipeline Operator, whilst Hartshead retains the overall responsibility as Licensee and Field Operator. The appointment of Hartshead as Sub-Area Operator is an important step in the Phase I development of the Anning and Somerville gas fields as the Company continues to progress through the Front-End Engineering Design (FEED) stage and the export route engineering study with a view to taking a Final Investment Decision (FID) on the development later in 2023.