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