Jadestone Energy's Montara H6 Offshore Well Starts Production

Tuesday, September 28, 2021

Oil and gas company Jadestone Energy has tied the Montara H6 development well off Australia into the field facilities and the well has started production.

Jadestone is the 100% owner and operator of the Montara field, located in Production Licences AC/L7 and AC/L8 in the Timor Sea, about 690 kilometers west of Darwin, in a water depth of 77 meters.

The Montara H6 development well delivered an initial rate, after clean-up, approaching 10,000 bbls/d and following a period of well performance testing will be stabilised at around 3,000 bbls/d.

Jadestone said that the Valaris 107 rig had made the short move to the Skua-10 and Skua-11 workover location. Operations on Skua-11 have now started.

Paul Blakeley, President and CEO commented: "The Montara H6 well is an important milestone in our investment strategy for the Montara assets, confirming our view of the Montara reservoir, and providing near-term growth.  It not only delivers a significant increase in oil production but is also a key step in our plan to deliver circa 20,000 boe/d towards the end of this year.

"Higher production coincides with continued strength in oil prices, to which we are fully exposed given our unhedged position.  As a result, our balance sheet continues to strengthen, providing the platform from which to execute on further growth through investment in both the existing portfolio as well as further M&A.”

Categories: Energy Activity Production Australia/NZ

Related Stories

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

Pakistan, Türkiye Deepen Oil and Gas Ties with Offshore Indus-C Block Deal

Vietsovpetro Brings BK-24 Oil Platform Online Two Months Early

Shell’s Brazil-Bound FPSO Starts Taking Shape

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

Brownfield Output Decline Accelerates, says IEA

CNOOC Brings Online Another Oil and Gas Project in South China Sea

China Starts Production at Major Oil Field in Bohai Sea

Santos and QatarEnergy Agree Mid-Term LNG Supply

Current News

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

Pertamina Joins Petronas in Ultra-Deepwater Asset off Indonesia

Malaysia’s Petronas and Oman’s OQEP Strengthen Oil and Gas Ties

Southeast Asia’s 2GW Cross-Border Offshore Wind Scheme Targets 2034 Buildout

Pharos Energy Kicks Off Drilling Campaign Offshore Vietnam

Viridien to Shed More Light on Malaysia’s Offshore Oil and Gas Potential

US Pressure on India Could Propel Russia's Shadow Oil Exports

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

RINA Wins FEED Contract for Petronas’ Flagship CCS Project in Malaysia

ABL Secures Rig Moving Assignment with India's ONGC

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com