IN BRIEF: Jadestone Energy inks deal for Nam Du and U Minh gas fields
26th Jan 2024 14:33
Jadestone Energy PLC - independent upstream energy company focused on the Asia-Pacific region - Signs heads of agreement with PetroVietnam Gas Joint Stock Corp for the Nam Du and U Minh gas fields development project in offshore Vietnam. The deal is the "first step" in the commercialisation of the NDUM fields, which are located in Block 46/07 and Block 51 in shallow water, offshore southwest Vietnam. The agreement stipulates a daily contract quantity of 80 million standard cubic feet per day under a take-or-pay arrangement over a targeted minimum plateau period of 55 months, with an earliest possible first gas date in late 2026. Read More