Energy Voice publishes feature article on Harvester Energy, a PIVOTREE customer

For Immediate Release

Highlights

  • Harvester Energy (UK) Ltd awarded two blocks by NSTA, the UK offshore titles regulator.
  • Pivotree Pty Ltd has a MOU with Harvester Energy for the supply of Pivotree units.
  • Harvester has been featured in Energy Voice, a highly respected global online publication.

Energy Voice, a leading global online publication in oil and gas, renewables, and energy transition, has featured PIVOTREE customer, Harvester Energy, in an article published 15-Mar 2024.

The article, titled “Harvester Energy takes on Curlew-A licence” focuses on the recent award of two oil and gas blocks from the North Sea Transition Authority (NSTA) in the 33rd UK oil and gas licensing round.  The first block, 29/7b, contains the undeveloped Curlew-A field.  The second 22/12b contains the Phoenix discovery.  Energy Voice covers the history of the blocks and the origins of these two discoveries.

Several attempts to develop the blocks have been made over several decades and the licences relinquished more than once. Harvester targeted the blocks by identifying the reserves were suitable for low-cost development using the Pivotree small field development system.

In the article, Harvester Energy chairman, Andy Jacobs, said, “Harvester Energy’s mission is to identify discovered and appraised but undeveloped oil fields that can be rapidly and cost-effectively commercialised.”

This demonstrates the potential of the PIVOTREE technology to open new and untapped market opportunities for agile operators. Based on Rystad Energy data (2020) there are several hundred such opportunities worldwide comprising over five billion barrels of oil, with nearly 2 billion of these in the North Sea.

About Pivotree Pty Ltd

Pivotree Pty Ltd is a technology company based in Perth, Western Australia. The company specialises in low-cost, low-risk, agile energy production and carbon storage technologies, with a mission to accelerate the global transition to a sustainable and low-carbon energy system.

For more information about Pivotree Pty Ltd and its innovative technology, please visit www.pivotree.com.au.

About Harvester Energy (UK) Ltd

Harvester Energy (UK) Ltd is a subsidiary of Harvester Energy Pty Ltd, a private energy company headquartered in Perth, Western Australia.

For more information about Harvester Energy, please visit https://harvester.energy/.

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This announcement is authorised for release by Marcus Christian, Executive Director, Pivotree.

For further information please contact:

Marcus Christian, Executive Director

mpchristian@pivotree.com.au

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices, or potential growth of Pivotree are, or may be, forward looking statements.  Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties.  Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors.

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