Jadestone Begins Development Drilling at East Belumut

Output from the field is expected to return to pre-shut down levels this summer.

Montara map.

Jadestone Energy began drilling the first of four planned wells on the East Belumut field offshore Malaysia on the PM323 production-sharing contract.

Velesto jackup Naga-2 is on location at the first well. Combined peak oil volumes of 2,000 to 2,500 B/D are expected from these new wells.

Jadestone expected to restart production at the Montara Venture FPSO offshore northwest Australia on 1 September following an investigation and assurance review into a defect between onboard water and oil tanks.

Production will initially resume from one well at about 1,000 B/D to recommission the FPSO’s oil production system, followed by gas compression, allowing further wells to be brought back online within several days.

Output is expected to return to the pre-shutdown rate of 6,000 B/D. A shuttle tanker will provide additional storage during this period of constrained FPSO storage capacity. Additional repairs and inspections are ongoing.