Page 16 - AsianOil Week 17 2021

AsianOil NEWS IN BRIEF AsianOil

Jadestone announces Project collaboration will also include Lloyd’s conjunction with the contiguous WA-541-P
The Archer 3D is being acquired, in
Register Group Limited (LR), the British ship
completion of the internal classification society, the ultimate aim being to joint venture, with an alternative azimuth
to the current Capreolus and Keraudren 3D
decarbonize the maritime shipping industry
reorganisation through safe usage of ammonia as a shipping datasets, most particularly over the Dorado
fuel.
field. This 3D dataset will complement those
Jadestone Energy plc (Jadestone UK) and Use of ammonia as a shipping fuel is two already existing datasets with support
Jadestone Energy Inc. (Jadestone Canada) eagerly embraced as a potential long-term for Dorado development planning to ensure
are pleased to announce that they have solution for marine logistics amid the optimum well placement for maximum
completed an internal reorganisation under transition to a zero-carbon value chain in productivity. A fast-track processed volume
a statutory plan of arrangement pursuant to the maritime industry. Green ammonia is of the Archer 3D will be available for
which Jadestone UK has become the ultimate created by water electrolysis using a carbon- interpretation later in 2021.
parent company of Jadestone Canada and its free production process employing renewable The Archer 3D will also allow for a
subsidiaries. energy. Although green ammonia results in thorough review of the attractive exploration
The internal reorganisation has not zero carbon emissions, it is highly toxic. In potential in the area to the south-west of the
resulted in a change in control in the ultimate order to introduce green ammonia as a safe Dorado field.
holding company of the Jadestone Group and, and sustainable marine fuel, it is therefore The Archer 3D is expected to take around
accordingly, has not resulted in a change in vital to draw up safety guidelines for its 40-50 days to be acquired. The Geo Coral
control in the ultimate shareholding in any usage, including implementation of specific vessel (see Figure 3) will then be used for the
of the companies or assets of the Jadestone assessments of its safety for humans, ship Keraudren Extension 3D survey. The area
Group. assets and the environment. to be covered by the Keraudren Extension
Further, the internal reorganisation has not MHI, April 28, 2021 3D survey has over 30 prospects and leads
resulted in a change in the management of any identified using the existing 2D data in the
of the Jadestone Group’s companies or assets. WA-436-P and WA-438-P acreage. The
As set out in the Arrangement, Jadestone OCEANIA acquisition of the Keraudren Extension 3D
Canada shares have now ceased trading on the will commence in the south of the 2021
AIM market of the London Stock Exchange, Carnarvon updates on acquisition area, adjacent to the existing
and Jadestone UK shares have been admitted Capreolus in WA-438-P and head north.
to trading on AIM as of 08:00 (BST) today. Bedout exploration efforts Subject to operational and environmental
The total number of shares with voting approval requirements, the Geo Coral will use its
rights in Jadestone UK is 463,649,477, each Carnarvon Petroleum advises that the multi-sensor streamer system for around three
of which carries the right to one vote. This Shearwater Geo Coral vessel has arrived at and a half months over the whole campaign,
figure should be used by shareholders as the location and has commenced acquisition of covering an area of up to 4,800 sq km.
denominator for the calculations by which the Archer 3D. CARNARVON PETROLEUM, April 27, 2021
they will determine if they are required to
notify their interest in, or a change to their
interest in, Jadestone UK under the FCA’s
Disclosure Guidance and Transparency Rules.
JADESTONE ENERGY, April 26, 2021

EAST ASIA
MHI participates in

ammonia as shipping fuel
project

As part of its Group energy transition strategy,
Mitsubishi Heavy Industries, Ltd. (MHI)
is set to participate in a newly launching
project to develop guidelines for the safe
usage of ammonia (NH3) as a shipping fuel.
The project is led by The Mærsk Mc-Kinney
Møller Center for Zero Carbon Shipping,
a research institute created to promote
decarbonization of the maritime shipping
industry. MHI will participate as a founding
partner of the Center, mainly through two
Group companies: Mitsubishi Shipbuilding
Co., Ltd. and Mitsubishi Heavy Industries
Marine Machinery & Equipment Co., Ltd.

P16 www. NEWSBASE .com Week 17 29•April•2021