Jadestone Energy (LSE:JSE) has completed drilling operations at the Skua-11ST well within the Montara field, offshore Australia. The well encountered over 900 meters of high-quality reservoir, positioning it to significantly boost early production rates. Although the project faced delays and cost overruns due to adverse weather and operational difficulties, the Skua-11ST is expected to contribute to increased production volumes, lower per-barrel operating costs, and an extended field life. These outcomes support Jadestone’s strategic focus on cost discipline and operational efficiency.
About Jadestone Energy plc
Jadestone Energy is an independent oil and gas producer focused on the Asia-Pacific region. The company holds a balanced portfolio of producing and development assets across Australia, Malaysia, Indonesia, and Vietnam. Jadestone is pursuing production growth through organic development and selective acquisitions, while prioritizing operational excellence and sustainability. The company has committed to achieving Net Zero Scope 1 and 2 greenhouse gas emissions by 2040 as part of its broader energy transition strategy.
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