Jadestone pivots towards gas
The Singapore-based independent sees ample opportunities in Southeast Asia, especially for gas projects
Southeast Asia is an exciting region for an independent like Jadestone Energy, according to the firm’s CEO, Paul Blakeley. There are “plenty of opportunities for our skillset, especially as majors divest and basins mature”, he says. This process is a “normal part of the maturing hydrocarbons production cycle and is much like the North Sea around 25 years ago”, he continues. "Jadestone is also pivoting to gas,” Blakeley explains, as “countries in the region are short of energy and gas is inevitably going to become more important as the transition gains momentum”. Gas is set to increase in the company’s production mix, and once the Lemang field in Indonesia and Jadestone’s Vietnamese projects
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields