Akatara Redevelopment is a conventional gas development located onshore Indonesia and is operated by Jadestone Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, lies in block Lemang. Buy the profile here.

The project is currently in construction stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $94 m.

Field participation details

The field is owned by Jadestone Energy.

Production from Akatara Redevelopment

Production from the Akatara Redevelopment conventional gas development project is expected to begin in 2024 and is forecast to peak in 2024, to approximately 4,235 bpd of crude oil and condensate, 19 Mmcfd of natural gas and 6,115 bpd of natural gas liquids. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2041.

Remaining recoverable reserves

The field is expected to recover 52.45 Mmboe, comprised of 15.66 Mmbbl of crude oil & condensate, 74.12 bcf of natural gas reserves and 24.44 Mmbbl of natural gas liquid reserves.

About Jadestone Energy

Jadestone Energy Inc (Jadestone Energy), formerly Mitra Energy Inc is an upstream oil and gas company. The company evaluates, acquires, explores, and develops oil and gas properties. It focuses on building its asset portfolio through acquisition of producing assets through capital investment, maximizing reserves recovery, and improving operating performance with significant opportunities for operating efficiencies, costs reduction and increased production through further investment. The Company is also carries out business in identifying non-producing assets with resources that can be developed and produced. It has gas development blocks, assets across Australia, Asia Pacific, and Europe. Jadestone Energy is headquartered in Singapore.

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.