Name

Hartshead Resources Nl

Legal name

Hartshead Resources NL

Website

https://hartshead-resources.com.au

Company type

Public

Founded year

2021

Operating status

Operating

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Natural Gas Extraction (21113), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

akta.pro secondary industries

Field Development & EOR/IOR for Gas (Compression, Refracturing, Reservoir Management) (EUAAAAAM), Conventional Natural Gas Exploration & Production (Dry Gas) (EUAAAAAA)

Keywords

• Upstream oil and gas
• Offshore gas field development
• UK continental shelf exploration
• Natural gas production
• Hydrocarbon asset development

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Gas and Condensate Production Revenue: Revenue generated from the production and sale of natural gas and condensate from developed gas fields. The company is developing Phase I fields (Anning and Somerville) with independently audited 2P reserves of 301.5 Bcf of gas, targeting first gas in 2025. Additional revenue potential from Phase II and III development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Hartshead Resources NL is an upstream oil and gas exploration and development company focused on developing natural gas fields in the UK Continental Shelf, Southern Gas Basin. The company holds Seaward Production License P2607 and six additional licenses awarded in the 33rd Offshore Licensing Round, spanning Phase I (Anning and Somerville gas fields, 301.5 Bcf 2P reserves), Phase II (Hodgkin and Lovelace, 139 Bcf 2C), and Phase III exploration prospects. The company farms out interests to bring in development capital and sells produced natural gas and condensate through offtake arrangements with infrastructure partners such as Shell.

Product overview

Hartshead Resources NL is an oil and gas exploration and production company focused on the UK Continental Shelf, specifically the Southern Gas Basin. The company's portfolio centers on Seaward Production License P2607, which spans three development phases: Phase I (Anning and Somerville gas fields with 301.5 Bcf 2P reserves under development), Phase II (Hodgkin and Lovelace gas fields with 139 Bcf 2C contingent resources), and Phase III (14 exploration prospects with 344 Bcf unrisked 2U resources). Following the 33rd Offshore Licensing Round, the company was awarded six additional licenses (P2669, P2670, P2676, P2678, P2679, P2682) covering ten offshore blocks with combined net resources of 1,187 Bcf, expanding the portfolio with assets ranging from redevelopment opportunities to high-potential exploration blocks.

Differentiator

Problem solved

Functional benefit

Products and services

• License P2607 (Seaward Production License) Seaward Production License P2607 covering 729.5 km² in the UK Southern North Sea (Quads 48 and 49), containing multiple gas fields and exploration prospects with combined resources of circa 0.8 Tcf of gas across three development phases. Hartshead retains 40% interest following farm-out of 60% to Rockrose Energy.
• Phase I Development (Anning and Somerville Gas Fields) Phase I development of the Anning and Somerville gas fields with independently audited 2P reserves of 301.5 Bcf of gas, comprising six production wells from two wireline-capable NUI platforms connected via subsea pipeline to Shell infrastructure for gas export to the Bacton gas terminal, targeting first gas in 2025.
• Phase II Development (Hodgkin and Lovelace Gas Fields) Phase II development of the Hodgkin and Lovelace gas fields with combined 2C contingent resources of 139 Bcf, requiring seismic reprocessing before development planning can advance.
• Phase III Exploration Portfolio Phase III exploration portfolio encompassing 14 prospects and leads with Xodus Group-evaluated unrisked 2U prospective resources of 344 Bcf, including the McLaren, Stephenson, Garrod, Ayrton and multiple Wenlock prospects.
• 33rd Round License Awards Six newly awarded UK Continental Shelf licenses covering ten offshore blocks across the Southern North Sea and East Irish Sea, with total net additional resources of 1,187 Bcf of gas to Hartshead (2C + 2U) and modest work programme commitments over a 2–4 year period.

Quantifiable outcome

• Phase I targets first gas production in 2025
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• ShellcoreTechnology or Integration · 29 August 2022Engineering Study agreement with Shell for tie-in of Hartshead's Phase I gas field development to Shell's infrastructure (Corvette and Leman-A platforms). Shell provides project assurance prior to FEED and FDP phases. Study undertaken by Petrofac and managed by Hartshead, defining the route to transport natural gas and condensate to points of sale.
• Rockrose EnergycoreStrategic or Co-development PartnerFarm-out agreement where Rockrose Energy acquired 60% ownership of License P2607 while Hartshead retains 40%. License P2607 comprises five blocks in Quads 48 and 49 on the UK Continental Shelf, Southern Gas Basin, containing multiple gas fields and exploration prospects with combined resource base of circa 0.8 Tcf of gas across Phase I, II and III.
• PetrofacsupportingImplementation/ SI/ Consulting PartnerEngineering services provider undertaking the Shell infrastructure tie-in study work, managed by Hartshead Resources for the Phase I gas field development.
• ERC Equipoise (ERCE)supportingStrategic or Co-development PartnerIndependent energy consultancy providing Competent Persons Report (CPR) for reserves estimates. ERCE reviewed and evaluated the selected development concept for Phase I (Anning and Somerville fields) consisting of six production wells from two NUI platforms.
• Xodus GroupsupportingTechnology or IntegrationEnergy consultancy that conducted a study on Hartshead's exploration portfolio, generating a new prospect inventory totalling 14 prospects and leads with unrisked 2U Prospective Resources of 344 Bcf.

Scale indicators6 records

Emerging players

• Waldorf Production: Waldorf Production is an independent UK North Sea oil and gas operator focused on acquired fields, redevelopment, and production optimization. Its brownfield redevelopment focus is comparable to Hartshead's plans for partially developed and previously producing assets.
• NEO Energy: NEO Energy is an independent North Sea E&P company that acquires and operates producing and development assets. Its privately held asset model and UK offshore exposure are comparable to Hartshead's farm-out and license-led strategy.
• ONE-Dyas: ONE-Dyas is a European natural gas exploration and production company with North Sea exposure and an emphasis on operated gas developments. Its gas-focused, infrastructure-connected asset model overlaps directly with Hartshead's offshore gas strategy.

Direct peers

• EnQuest: EnQuest is a North Sea-focused upstream operator with producing assets, field developments, and a substantial UK offshore operating base. It provides a relevant scaled benchmark for taking discovered resources through offshore production, although it is larger and more diversified.
• Parkmead Group: Parkmead Group is a smaller UK-focused energy investment and E&P company with North Sea interests and a strategy of acquiring and developing assets. Its size and UK asset focus make it a closer comparability peer than a global major.
• Ithaca Energy: Ithaca Energy develops and operates UK North Sea oil and gas assets, with a portfolio spanning producing fields, developments, and infrastructure. Its basin focus and offshore operating model closely match Hartshead's exploration-to-development trajectory.
• Rockrose Energy: Rockrose Energy is the 60% farm-in partner on Hartshead's P2607 license and is an independent UK North Sea E&P company. Its direct exposure to the same license and similar asset-development model make it the closest direct peer.
• Serica Energy: Serica Energy is a UK North Sea E&P operator focused on producing gas and oil assets and brownfield development. Its infrastructure-led, asset-operating approach is comparable to Hartshead's planned Southern Gas Basin developments.

Broad incumbents

• Harbour Energy: Harbour Energy is a large UK North Sea operator with producing assets, development projects, and extensive offshore infrastructure. It is a broad incumbent benchmark for scale, operational capability, and infrastructure-led commercialization.
• Shell: Shell is an integrated global energy company and Hartshead's named infrastructure and offtake partner. Its UK offshore gas operations and existing Bacton-connected infrastructure make it a broad incumbent comparator, though it is not a like-for-like asset developer.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Hartshead_HHR
• LinkedInlinkedin.com/company/hartshead-resources-nl

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hartshead Resources Nl