Singapore-headquartered independent Jadestone Energy is still wrangling with production challenges at its recently on stream Akatara gas field development in Indonesia.
Akatara achieved mechanical completion in June with sales gas production commencing the following month. However, Jadestone in September revealed production had been recently curtailed by a “small mechanical issue” in the gas processing facility’s refrigeration compressors.
The necessary repairs and associated cost are responsibility of the engineering, procurement, construction and installation contractor JGC Indonesia.
Jadestone on Monday reiterated that its 2024 production guidance is expected to be at the lower end of the 18,500 to 21,000 barrels of oil equivalent per day range.
The operator’s production in October was north of 22,000 boepd and at certain times reached a record output in excess of 24,000 boepd as Akatara intermittently achieved its daily contract quantity of some 20 million cubic feet per day of gas.
“Intermittent production is not unusual for the early stages of a project of this nature as commissioning issues continue to be addressed,” said Jadestone.
The company added that operational performance across the rest of its upstream portfolio has been in line in expectations, “reinforcing the benefit of a diversification of production streams”.
Against that backdrop, Jadestone expects to drill the Skua-11 sidetrack on its producing Montara oilfield offshore Australia in the second quarter next year, subject to the timely delivery of the rig.
Source: By Amanda Battersby from upstreamonline.com