The deal includes an associated percentage in the subsea infrastructure, Okha FPSO, and full abandonment liabilities. It lifts the company’s total share in CWLH to 33.33%.
According to Jadestone, production from the fields remains above its expectations, currently averaging about 13,700 bbl/d gross.
President and CEO Paul Blakeley said, “Our increasing ownership and influence will help to realize the full potential of the fields through a life extension beyond 2031 and additional drilling.”
