Jadestone Energy has announced the successful completion of the engineering, procurement, construction and installation (EPCI) contract performance test at the Akatara gas development in Indonesia.
This test is a critical step in validating the operational capabilities of the Akatara gas processing facility (AGPF) at full production rates.
Go deeper with GlobalData
Spanning a 72-hour period, the EPCI contract performance test saw the AGPF operate at the daily contract quantity of 20 million standard cubic feet per day (mscf/d), as stipulated in the Akatara gas sales agreement.
The facility also had to demonstrate its capacity for associated liquified petroleum gas (LPG) and condensate production.
Throughout the performance testing, the sales production from Akatara averaged 6,600boepd.
The output was evenly split, with 50% comprising sales gas and the remaining 50% consisting of condensate and LPG.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe successful completion of the performance test marks the end of the commissioning phase at Akatara, the Asia-Pacific-focused upstream company said.
Operational control of the AGPF has now transitioned from the EPCI contractor, JGC, to Jadestone Energy.
In July, Jadestone Energy began commercial gas sales from the Akatara gas development project.
Since June 2024, raw gas production has ranged from 3mscf/d to 8mscf/d, allowing for system commissioning and condensate production of approximately 4,700 barrels of crude oil.
Jadestone executive chairman Adel Chaouch commented: “As part of our commitment to operational excellence, the focus at Akatara going forward will be delivering high uptime to consistently meet the gas buyer’s nominations and benefit from the valuable associated condensate and LPG streams.
“LPG production will be distributed locally in the Jambi province, reducing the need for imported LPG. The Akatara project has diversified and driven Jadestone’s production to record levels and will be a cornerstone of the Group’s cash flow generation in the near term.”
Elsewhere, in February 2024, Jadestone Energy increased its stake in the Cossack, Wanaea, Lambert and Hermes (CWLH) oilfields offshore Western Australia.
The Singapore-based company acquired a 16.67% interest in the CWLH fields, which are part of the North West Shelf oil project.
