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Ogan Komering PSC

Ogan Komering

Jadestone Energy completed the acquisition of a 50% interest in the Ogan Komering Production Sharing Contract covering three mature producing oil and gas fields onshore Sumatra, Indonesia, in March 2017.

The Ogan Komering fields in the South Sumatra Basin have substantial further potential and represent Jadestone Energy’s first step towards creating a new core in South Sumatra.  The area benefits from extensive infrastructure and growing local energy demands and is one in which Jadestone Energy’s Management has significant operating experience, technical knowledge and strong relationships with local government bodies.

Jadestone Energy jointly operates the field with its partner Pertamina through a Joint Operating Body, seconding 11 professionals to the operation.  The company anticipates this team of eleven will continue to assist Pertamina with early development of recent gas discoveries working cooperatively into 2018 and beyond under a JOA arrangement in a new PSC.

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