IN BRIEF: Jadestone Energy strikes Vietnam oil and gas agreement

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Jadestone Energy PLC - Singapore-based oil and gas company - Announces the signing of the gas sales and purchase agreement for the supply of gas from the Nam Du/U Minh discoveries offshore Vietnam. Chief Executive T Mitch Little says: ‘The execution of this agreement is a pivotal moment for Jadestone. After years of dedicated effort, we are now in a position to deliver the Nam Du/U Minh development, which will materially strengthen our portfolio while supporting our growth ambitions. With all key commercial and technical approvals now in place, and recent key hires into the Jadestone Vietnam project delivery team, we are now focused on rapidly progressing towards the project execution phase. Our near-term priorities are to conclude the bid evaluation for the FPSO and field infrastructure, and award their respective contracts during the second half of this year.’ The Nam Du/U Minh discoveries are located offshore southwest Vietnam with production targeted to commence in late-2028.

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