Asia Pacific- concentrated Jadestone Energy, which last month closed down manufacturing from its Montara Venture FPSO off Western Australia due to an issue with the FPSO’s 4S ballast water tank, is still functioning to deal with the flaw in the storage tank.
Jadestone Energy stated Thursday that given that the closure, storage tank four has actually been cleared and cleaned up, with an evaluation beginning on August 8, 2023.
“The initial inspection has identified the location of a small defect between tank 4S and oil cargo tank 5C, which poses no safety or structural risk, nor any risk of a hydrocarbon leak to sea,” Jadestone Energy stated.
The business is currently concentrated on the last evaluations in ballast water storage tank 4P before returning this storage tank to solution as component of the total ballast and security demands for the FPSO; unloading petroleum from storage tank 5C to enable cleansing and accessibility to allow an evaluation; and re-entry to four to wrap up the assessment of the storage tank and accomplish the needed repair work.
Jadestone did not claim when it anticipated to return to manufacturing from the Montara Venture FPSO.
Jadestone Energy stated: “The company continues to keep key stakeholders, including the National Offshore Petroleum Safety and Environmental Management Authority (” NOPSEMA”) and its reserve-based lending (” RBL”) facility banks, regularly updated on these activities. The RBL includes the requirement for borrowing base assets, such as Montara, not to have production interrupted for a continuous period of 60 days or more. The company will also be working with the RBL banks to assess how the shut-in might impact the clauses and covenant under the RBL facility,” Jadestone stated.
The Montara Venture lies in the Timor Sea, in the Ashmore Cartier area within Commonwealth waters, around 690 kilometres north-west of Darwin and within 34 kilometres of Vulcan Shoal.
Jadestone Energy acquired the Montara oil project from PTTEP in October 2018.
