Akatara Facility Export Compressors Commissioned
3 September 2024 - Singapore: Jadestone Energy plc ("Jadestone", or the "Company"), an independent upstream company focused on the Asia-Pacific region, is pleased to provide the following update on the Akatara gas development project onshore Indonesia.
Further to the announcement of 19 August 2024, the export compressors at the Akatara Gas Processing Facility ("AGPF") have now been fully commissioned. The AGPF is now being prepared for a ramp up to full production.
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For further information, please contact:
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Jadestone Energy plc |
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Paul Blakeley, President and CEO |
+65 6324 0359 (Singapore) |
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Bert-Jaap Dijkstra, CFO Phil Corbett, Head of Investor Relations |
+44 (0) 7713 687467 (UK) |
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Stifel Nicolaus Europe Limited (Nomad, Joint Broker) |
+44 (0) 20 7710 7600 (UK) |
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Callum Stewart |
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Jason Grossman |
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Ashton Clanfield |
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Peel Hunt LLP (Joint Broker) |
+44 (0) 20 7418 8900 (UK) |
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Richard Crichton |
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David McKeown Georgia Langoulant |
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Camarco (Public Relations Advisor) |
+44 (0) 203 757 4980 (UK) |
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Billy Clegg |
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Georgia Edmonds Elfie Kent |
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About Jadestone Energy
Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive upstream investment climate.
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 Asia-Pacific, the Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such as at Akatara in Indonesia, Nam Du/U Minh in Vietnam and the SFA Cluster offshore Malaysia, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.
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.
Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore. For further information on the Company please visit www.jadestone-energy.com.
This release does not include inside information.
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