Jadestone has agreed to acquire an operated 90% interest in the Lemang PSC, which includes the undeveloped but fully appraised, Akatara gas field. The asset is located onshore Sumatra, close to major gas transportation infrastructure.
A new gross split PSC for Ogan Komering, effective May 20, 2018, was signed by Pertamina, Indonesia’s upstream regulator SKKMIGAS, and the Minister of Energy and Mineral Resources, awarding a 100% participating interest to Pertamina. Jadestone, as the prior joint operator in the PSC with Pertamina, has been actively engaging with Pertamina for participation in the new PSC.
