Jadestone Energy, an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on operations at the Montara Venture FPSO offshore Australia.

In line with the announcement on 31 August 2023, production at Montara restarted on 1 September 2023.

Initial production averaged around c.1,000 bbls/d from one well while the FPSO’s oil production and gas compression systems were recommissioned. With further wells being brought back online in recent days, production has increased to c.8,000 bbls/d.  This figure includes some flush production, and it is expected that average Montara production will return to pre-shutdown levels of c.6,000 bbls/d over the coming days.

Ballast water tank 4P has also been returned to service following completion of final inspections and repairs. Preparations for the repair of the previously reported defect between oil cargo tank 5C and ballast water tank 4S are underway and additional inspections in tank 4S are ongoing.

The Company will now utilise a smaller and lower cost shuttle tanker to provide additional storage during a period of time when the FPSO storage capacity is constrained.

KeyFacts Energy: Jadestone Energy Australia country profile