Jadestone Energy Restarts Production at Montara Oil Field
January 11 2019 - 03:53AM
Dow Jones News
By Oliver Griffin
Jadestone Energy Inc. (JSE.V) said Friday it has started
production at the Montara oil field in the Timor Sea, following the
completion of a maintenance-and-inspection shutdown.
The oil-and-gas company said production will be ramped up while
final checks are carried out.
Jadestone Energy said it doesn't expect any major planned
shutdowns until at least the second half of 2020.
PTTEP Australasia (Ashmore Cartier) Pty Ltd., a subsidiary of
PTT Exploration & Production PCL (PTTEP.TH), which sold the
Montara assets to Jadestone, has agreed to pay $22 million in
relation to the shutdown.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
January 11, 2019 03:38 ET (08:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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