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Northbridge Industrial Services Plc

Jadestone To Drill At Montara In Q2

Jadestone Energy has filed plans for drilling operations expected to start this year at its Montara oil field offshore Australia. 

The Montara field, which Jadestone bought in October 2018, lies approximately 690 kilometers east of Darwin in a water depth of approximately 80 meters

The Montara Development Project (MDP) includes developing the Montara, Swift, Skua, and Swallow fields and operating the developed facilities for commercial production of the oil reserves. 

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.