BP has stood down contractors working on its biofuel plant just weeks before discovering if its adjacent green hydrogen project will win $1 billion of government backing.
Jadestone Energy owns and operates the Montara and Stag oil projects off the coast of WA and has a stake in the North West Shelf oil fields. The London-listed and Singapore-headquartered company also has interests throughout South East Asia.
Jadestone Energy is now two wells down at its Montara field in the Timor Sea where 75% of its production comes from but says it has the cash to work on both Montara and Stag in 2021.
