News listings

energy-pedia development and production

Australia flagAustralia

Central & SE Asia / Australasia >>> Australia

Australia: Jadestone Energy announces first production from the Stag 49H infill well


23 May 2019

Photo - see caption

Jadestone Energy, an independent oil and gas production company focused on the Asia Pacific region, has announced that the Stag 49H infill well is in production at a rate of 1,400 bopd.

After concluding drilling operations on May 6, 2019, the well was given approx. two weeks for swell packers to expand and set while the Company completed hook-up operations prior to first production.  First oil was achieved on May 21, 2019 and, following a brief clean-up period, the well is now producing at a rate of 1,400 bopd, confirming the Company’s confidence in delivering 1.2 mmbbls of incremental 2P oil reserves.

Paul Blakeley, President and CEO commented:

'I’m delighted to have safely and successfully completed our first infill well at Stag.  This is another important milestone for Jadestone.  When we acquired the field in July 2016, we recognised several opportunities to add value, including streamlining logistics and operations, improving uptime and, most importantly, adding additional barrels through infill drilling.  The 49H infill well further validates our re-investment thesis and serves to enhance near-term cash flow, reduce unit opex and extend the productive life of the field.  Moreover, we have enhanced our understanding of the reservoir, which plays into further drilling opportunities, and we continue to seek new opportunities to add value to the asset, particularly as we begin to realise economies of scale with our other Australia operations.'

Original article link

Source: Jadestone Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1698
Completed deals: 5219

Company Profiles

Current Company Profiles: 2644

Corporate Activity

Current Corporate Activity articles: 3303

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1362

Geostudies

Current Geostudies articles: 643

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

RSK Logo 149
Bayphase
SLR Consulting logo
OPC
Rose & Assocs 149
energy365
KL Publishing
Geoespace
Government of South Australia
Union Jack Oil 149
count geophysics
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com