July 20 (LNGJ) - Jadestone Energy plc, the Singapore-based and London-listed oil and gas production company focused on the Asia-Pacific region, said its Akatara gas re-development project offshore Indonesia was 42 percent complete and remained on budget and schedule for first gas in the first half of 2024.
According to data, the Akatara conventional gas field is expected to recover 52.45 million barrels of oil equivalent comprising 15.66 million barrels of oil and condensate, 74.12 billion cubic feet of natural gas reserves and 24.44 million barrels of natural gas liquid reserves. “After a challenging period, we consider mid-year 2023 to be an inflection point for Jadestone as we start to rebuild shareholder confidence in our investment case and operational delivery,” said Paul Blakeley, Jadestone President and Chief Executive.
