Jadestone Energy, an independent oil and gas production company focused on the Asia-Pacific region, provides the following update on the Montara Project (“Montara”) offshore Australia.

Since the most recent announcement on 27 February 2023, and following the final tank inspection and repairs on the Montara Venture FPSO and the lifting of the NOPSEMA General Direction, recent activity has focused on the planned four-yearly topsides maintenance programme. These workstreams were completed successfully and the Company is now progressing production restart activities.

While performing necessary testing on process equipment during restart activity, a small number of inconsistencies in standard fittings were identified and are currently being rectified to ensure safe operation. This activity is expected to be completed in approximately one week.

KeyFacts Energy: Jadestone Energy Australia country profile