Inpex and Jadestone settle arbitration over Vietnamese asset

ASIA PACIFIC’s Jadestone Energy told shareholders yesterday it had settled a dispute with Japanese LNG giant Inpex over the ownership of an oil and gas block offshore Vietnam.

Inpex and Jadestone settle arbitration over Vietnamese asset Inpex and Jadestone settle arbitration over Vietnamese asset Inpex and Jadestone settle arbitration over Vietnamese asset Inpex and Jadestone settle arbitration over Vietnamese asset Inpex and Jadestone settle arbitration over Vietnamese asset

Jadestone had signed a sale and purchase agreement with Inpex subsidiary Teikoku Oil in 2016. Under the agreement Jadestone would buy 30% Inpex's stake in the Block 05-1 PSC for US$14.3 million.