Halo Capital partners with Penspen to develop Australia’s Hussar and Mt Winter projects, advancing helium and hydrogen production for global clean energy.
Halo Capital has announced a strategic partnership with global engineering consultancy Penspen to fast-track the development of two of Australia’s most important energy redevelopment projects — the Hussar and Mt Winter gas fields. These initiatives are poised to unlock extensive helium and hydrogen reserves, essential for ensuring global energy security and supporting the transition to sustainable energy solutions.
Under the signed Memorandum of Understanding (MoU), Penspen will deliver its comprehensive engineering and project management expertise throughout the entire project lifecycle, including feasibility assessments, front-end engineering design (FEED), detailed engineering, procurement, and commissioning. The collaboration is designed to ensure the projects adhere to the highest global standards for safety, efficiency, and environmental performance.
In August 2025, Australian exploration firm Georgina Energy Plc granted London-based Halo Capital a 12-month non-exclusive option to acquire 100% of the helium, hydrogen, and natural gas production rights from its two large-scale redevelopment projects. By combining Halo’s investment capabilities and Penspen’s technical excellence, the partnership aims to establish Australia as a dominant supplier of helium, hydrogen, and hydrocarbons to the Asia-Pacific and global markets.
The Hussar project, located in Western Australia’s Officer Basin, and Mt Winter, in the Northern Territory’s Amadeus Basin, have been identified as assets of major national significance. Both regions have confirmed reserves and active drilling programs, indicating high production potential for helium and hydrogen—two gases that play critical roles in healthcare technology, manufacturing processes, and the global shift toward low-carbon energy.
Upon securing funding, Halo Capital will oversee the development of critical infrastructure, including advanced processing units for gas separation and cryogenic purification systems. The company will also manage downstream operations such as storage, transport, and export logistics—trucking helium to Darwin and converting ammonia into hydrogen for global markets. Meanwhile, Georgina Energy’s subsidiary, Westmarket Oil & Gas, will sell gas directly at the wellhead under future commercial contracts.
As per the MoU, Penspen’s responsibilities will cover a wide spectrum of engineering services—from conceptual design and feasibility studies to tender management, cost estimation, contract formulation, and site supervision. This end-to-end involvement underscores Penspen’s long-standing expertise in delivering complex oil, gas, and low-carbon projects worldwide.
With more than 70 years of engineering heritage, Penspen has established itself as a trusted global partner for large-scale energy infrastructure. The company has successfully executed numerous hydrogen, green ammonia, and CO2 projects across the UK, Ireland, Portugal, Turkey, Latvia, Colombia, and the UAE.
Nick Clarke, CEO of Halo Capital, expressed confidence in the collaboration, emphasizing that Penspen’s extensive technical know-how and project management capabilities will ensure full regulatory compliance and operational excellence. Penspen CEO Peter O’Sullivan highlighted that the partnership aligns with Penspen’s mission to improve access to sustainable energy and bridge the global supply-demand gap for helium and hydrogen, both vital to the decarbonization of industrial sectors.
