Offshore staff
SINGAPORE — Jadestone Energy has concluded its acquisition of a 16.67% interest in the Cossack, Wanaea, Lambert and Hermes (CWLH) oil fields offshore Western Australia from Japan Australia LNG.
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.”
02.14.2024
