Jadestone Energy, an independent upstream company focused on the Asia-Pacific region, provides the following update on the Akatara gas development project onshore Indonesia.

Since 22 June 2024, when the Company announced mechanical completion of the Akatara Gas Processing Facility and the introduction of reservoir gas into the Facility, raw gas production has ranged between 3-8 mmscfd, allowing for commissioning of the Facility’s systems and the start of condensate production, which has totalled c.4,700 bbls to date.

On 31 July 2024, following successful packing of the 17km export pipeline from the Akatara field, commercial gas sales into the regional trunkline in Sumatra commenced at a rate of c.4 mmscfd, or approximately 20% of the daily contracted quantity (“DCQ”) under the Akatara gas sales agreement. LPG production is expected to start imminently.

KeyFacts Energy: Jadestone Energy Indonesia country profile