Singapore-based independent Jadestone Energy is looking to develop the Jantung Baru and North Meraksa discoveries on the Ogan Komering production sharing contract in South Sumatra, Indonesia, writes Amanda Battersby.
However, the company will first have to negotiate a stake in the asset in which until recently it held a half-share.
Indonesia’s upstream regulator SKK Migas last week awarded a new gross split PSC for Ogan Komering to national oil company Pertamina.
