Jadestone acquiring two Malaysian PSCs

May 26, 2021

Dateline 2021-04-30, Offshore:

Jadestone Energy has agreed to acquire various field interests offshore Peninsular Malaysia from SapuraOMV Upstream for $9 million.

The transaction would give Jadestone a 70% operated interest in the PM329 PSC, containing the East Piatu field, and a 60% operated stake in the PM323 PSC, containing the East Belumut, West Belumut, and Chermingat fields.

Combined net production is 6,000 boe/d, and the associated reserves (net to Jadestone) are 12.5 MMboe, including estimates based on further development activities.


Newfield’s New Baby

June 6, 2008

Undisclosed sources say that Newfield’s Chermingat has produced first oil, but is undergoing problems typical of all newborns. Does that mean there are opportunities for nannies to help smoothen the transition? Can IGL Process Solutions provide this help?

Chermingat is located in Block PM323 offshore Peninsular Malaysia. She was built by Oilfab, with the engineering services done by MMC Oil & Gas Engineering. Ah, I remember the days when mmogel (such a weird shorthand) was an excellent company to work with. Most of the old and trusted process engineers of now have passed through its doors, passed through being the operative word.