Page 11 - AsianOil Week 26 2022

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State agency backs North West Shelf

extension, with environmental conditions

PROJECTS & THE Western Australian Environmental Pro- against the agency’s recommendations. Western
COMPANIES tection Authority (EPA) has backed a proposal Australia’s Minister for Environment will then
to extend the lifespan of Woodside Energy’s be tasked with making the final decision on
North West Shelf (NWS) LNG project by 50 whether to allow the NWS partners to proceed
years. However, the agency said it would back with the extension project.
the extension on the condition that the facility Woodside said the joint venture would “care-
achieves net zero greenhouse gas (GHG) emis- fully consider” the conditions outlined by the
sions over the remainder of this decade. EPA.
The EPA has recommended that the facility “At a time of heightened concern around
avoid, cut or offset all of its carbon dioxide (CO2) energy security, the NWS Project has an impor-
emissions until 2029, while also cutting nitrogen tant role to play in delivering natural gas to local
oxide (NOx) emissions, in part to protect the and international customers, providing energy
rock art of the Murujuga indigenous people that can support their decarbonisation commit-
against industrial pollution. ments,” stated Woodside’s vice president of Aus-
“The EPA considers that there may be a threat tralian operations, Fiona Hick.
of serious or irreversible damage to rock art from The company also noted that the continued
industrial air emissions ... accelerating the natu- development of gas via the NWS project aligned
ral weathering,” the EPA said in its assessment of with its own climate strategy. This consists of two
the life extension plan. elements – reducing Scope 1 and 2 emissions to
Woodside, its partners in the NWS project, an aspiration of net zero by 2050 or sooner, and
environmental groups and any other interested investing in products or services to help its cus-
parties were given three weeks to lodge appeals tomers reduce their emissions.™

NEWS IN BRIEF

ASIA-PACIFIC risk (including hedging programmes), SOUTHEAST ASIA
optimisation of funding sources and corporate
Jadestone Energy – finance. He was voted best investor relations Cue Energy – Mahato PB-18
professional for the energy services sector
Chief financial officer in the 2019 Extel and in the 2020 and 2021 production well online
Institutional Investor surveys.
appointment Mr Dijkstra held various finance roles in Oil production well PB-18 in the Mahato PSC,
Prior to his employment at SBM Offshore,
Indonesia, has been successfully drilled and
Jadestone Energy, an independent oil and gas European commercial real estate and also completed and is producing approximately
production company focused on the Asia- Royal Dutch Shell, where he lived and worked 1000 barrels of oil per day (bpd).
Pacific region, is pleased to announce the for a period in Southeast Asia as Finance and PB-18 is the ninth production well in the
appointment of Bert-Jaap Dijkstra as Chief Planning Manager. Mr Dijkstra holds a MSc PB field and the first well in the current 14
Financial Officer (CFO) and director of the degree (with honours) from Wageningen well drilling campaign that was announced by
company, effective September 1, 2022. University. He is a Chartered Management Cue on 14 June 2022. The well was completed
Mr Dijkstra joins Jadestone from SBM Accountant and completed an MBA in in the Bekasap B and C sands, consistent with
Offshore, where he held a number of finance Financial Management from MIT Sloan other production wells in the field.
and management roles since 2013. Most School of Management. Total current production from the PB field
recently he served as Group Treasurer Mr Dijkstra will relocate with his family is approximately 5000 bpd with the inclusion
and Director of Investor Relations. In this to Singapore, in line with Jadestone’s strategy of PB18. A workover is being undertaken
role he has built significant experience of of ensuring that senior management are on the PB-03 production well, which is
equity and debt capital markets. He has positioned close to its assets and finance teams expected to be completed and production
been directly responsible for managing in the Asia-Pacific region. resumed from this well in early July. Total field
all financing activities for SBM Offshore, JADESTONE ENERGY, June 28, 2022 production is expected to increase as new
including structuring c.$5bn in recent project wells are drilled over the coming months. The
financings, managing the group’s financial drilling rig is currently moving to the next

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