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

PM 323 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.  Gas produced is re-injected to maintain pressure support, and oil is exported via a pipeline to an onshore oil terminal.

Completion of Jadestone’s acquisition of this interest occurred in August 2021. ¬†PETRONAS Carigali holds the remaining 40% working interest.

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