Offshore staff
SINGAPORE – Jadestone Energy expects to deliver average oil production this year in the range of 11,500-13,500 b/d.
The scenario assumes successful outcomes to the H6 infill well at the Montara field offshore northwest Australia; two Skua well workovers (SK10 and SK11) in the same region; and completion of the 69% operated interest in the Maari field, offshore New Zealand, by mid-year.
Maari should contribute 1,500 b/d, and following the scheduled completion of the MR6 workover in early May, there is scope for additional upside.
Jadestone has budgeted $85-95 million, including drilling the Montara/Skua well campaigns.
The company remains in dialogue with Petrovietnam on the planned development of the Nam Du and U Minh gas fields offshore Vietnam.
Jadestone is seeking to agree a gas production profile for the development as a precursor to a gas sales contract, ultimately securing government for the field project. It is also preparing to re-issue the FPSO contract tender.
02/26/2021
