Paul Blakeley, President and CEO, commented: The Company anticipates that the facility will be able to operate reliably and without the need for a planned major maintenance shutdown until at least the second half of 2020. Thereafter, all inspection and maintenance work will be complete, with the exception of one activity – the long-planned replacement of the subsea control umbilical – which is now due to be delivered early in the new year, and installed shortly thereafter.
Jadestone has also completed the secondment of a number of key operational leaders, both onshore and offshore, and is now well positioned to advance a seamless transition over the next few months while the Jadestone safety case and environment plan are under review, prior to acceptance by NOPSEMA. The safety management system has also been reviewed with extensive updates to the assurance plan, and all maintenance routines and inspection records have now been correctly incorporated into the two systems. In addition, the maintenance management system (“MMS”), which was identified as inadequate to reliably guide the asset’s ongoing maintenance regimen, has had to be partially re-built, tested and audited internally for compliance. Work on the gas system is progressing, independent of the oil system, and is now approximately 85% complete and expected to be finished in the near future.
The Company expects production to restart later this month, and a further announcement will be made at that time. As a result, no further integrity concerns, or safety-critical exceptions, have been identified.Īll activities associated with the oil system are now fully complete, and the facility is ready for the restart of oil production, subject to an independent audit currently under way, and regulator support.
Work has progressed to a detailed plan, which included dealing with a small number of improvement notices issued by NOPSEMA, the offshore regulator, as well as inspections throughout all parts of the facilities.
(AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, reports an update on its Montara asset inspection and maintenance shutdown.Īs announced on November 15, 2018, following the decision to shut in the Montara asset in order to correct an extensive backlog of inspection and maintenance routines, the operating team has made excellent progress in efficiently and safely completing over 8,000 hours of work offshore. Jadestone Energy Reports Progress on Montara Shutdown Workĭecember 11, 2018-Singapore: Jadestone Energy Inc.
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