Fossil Energy – Montara Field Australia
Jadestone Energy has announced that the Valaris 247 jack-up rig has arrived on location at the Montara field offshore Australia to drill the Skua-11 well side-track.
Skua-11ST is the main activity in Jadestone’s 2025 capital program. Operations will cover safe decommissioning of the existing SK-11 well, after which a side-track will be drilled higher in the Skua structure to accelerate the recovery of reserves from this field.
The Skua-11ST program is expected to take c.60 days to complete, with an expected initial oil rate of c.3,500 bbls/d when brought onstream and extending the economic life of the Montara field by one year.
The well is expected to cost US$62 million, with a forecast payback period of 16 months and generate a 65% internal rate of return.
