JADESTONE ENERGY PLC
In line with the announcement on
Initial production averaged around c.1,000 bbls/d from one well while the FPSO's oil production and gas compression systems were recommissioned. With further wells being brought back online in recent days, production has increased to c.8,000 bbls/d.
Ballast water tank 4P has also been returned to service following completion of final inspections and repairs. Preparations for the repair of the previously reported defect between oil cargo tank 5C and ballast water tank 4S are underway and additional inspections in tank 4S are ongoing.
The Company will now utilise a smaller and lower cost shuttle tanker to provide additional storage during a period of time when the FPSO storage capacity is constrained.
About Jadestone Energy
Led by an experienced management team with a track record of delivery, who were core to the successful growth of Talisman Energy's business in
Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.
Contact:
Email: www.jadestone-energy.com.
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