Jadestone starts production from first 2026 Malaysia infill well

Jadestone Energy has commenced production from the first well in its 2026 infill drilling campaign at the PM323 production sharing contract (PSC) offshore Peninsular Malaysia.

The EBA-18ST3 well was drilled around 20% below budget and is producing nearly 3,000 barrels of oil per day (bopd).

The well reached a total measured depth of 4,866m, featuring a 1,200m horizontal reservoir section, the longest yet drilled at the East Belumut field.

Following the performance from the first new well, and after collecting data while drilling a second, Jadestone has decided to proceed with the third well.

The company stated that its 2026 capital expenditure guidance of $50m (S$64.83m)–80m remains unchanged.

The 2026 Malaysia drilling programme was originally set to include two firm wells and a third contingent well. The contingent well targeted the south-west extension of the East Belumut field, which emerged as a target during the 2023 infill programme.

Jadestone holds a 60% operated interest in the PM323 PSC, which covers the Chermingat, East Belumut and West Belumut fields, all located at roughly 72m of water depth in the Malay Basin. Petronas Carigali owns the remaining 40% interest.

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/jadestone-starts-production-first-2026-105147466.html)