Jadestone Energy operates the PSC with 100% equity. As a technical partner, Halliburton International Inc. contributes their global experience in unconventional hydrocarbon exploration and production to the exploration effort.
Jadestone Energy’s initial work programme consists of seismic reprocessing and geological studies focussed on characterising the hydrocarbon potential of the block. As a result of the evaluation undertaken to date, Jadestone Energy has negotiated and secured an amendment to include rights to conventional hydrocarbon resources within the PSC, effective February 5, 2015. Jadestone Energy is evaluating both conventional and unconventional reservoir targets and expects to complete resource evaluation work later in 2016. As such, resources from Block MVHN/12KS PSC have not yet been evaluated by LR Senergy.