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Jadestone owns a 60% operated working interest in the PM 323 PSC, offshore Peninsular Malaysia

The PM 323 production sharing contract contains the producing Chermingat, East Belumut, and West Belumut fields. Each field has been developed by way of a wellhead platform, which are connected to a Central Processing Platform at the East Belumut field.  Produced gas is re-injected to maintain pressure support, and oil is exported via a pipeline to an onshore oil terminal.

PETRONAS Carigali holds the remaining 40% working interest.

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