Jadestone Energy's Stag Field Sustains Storm Damage from Cyclone Narelle, No Environmental Impact

Jadestone Energy, a Singapore-headquartered oil and gas operator, has reported damage to its Stag oil-producing field offshore Western Australia following the passage of Category 5 Cyclone Narelle in March 2026. The cyclone featured sustained wind speeds exceeding 200 km/hr, presenting a significant operational challenge for offshore infrastructure in the region. ## Operational Response and Asset Protection Demonstrating robust storm-response protocols, Jadestone proactively shut down Stag facilities on March 23 in anticipation of the cyclone's approach and evacuated all personnel from the platform. The company successfully cleared export lines of hydrocarbons prior to the facility shut-in, eliminating the risk of environmental releases during the storm event. Assessment operations commenced on March 28, with the company confirming structural damage to both the production platform and associated offloading infrastructure. ## Production and Facility Details The Stag field operates from a fixed-leg, 12-slot platform located in the Carnarvon Basin, approximately 60 kilometers offshore Western Australia in approximately 47 meters of water depth. Pre-shutdown production levels averaged approximately 2,000 barrels per day. ## Financial and Insurance Position Jadestone stated the company does 'not expect this incident to have a material financial impact on the Group's current year or longer-term cashflow projections,' citing appropriate insurance coverage for physical damage and loss of production income. The company's preparedness and insurance arrangements demonstrate effective risk management protocols for tropical cyclone exposure in the region. ## Industry Context The incident underscores the operational challenges faced by offshore energy infrastructure in cyclone-prone waters and the importance of robust shutdown procedures and asset protection strategies. No environmental releases were reported, and the proactive response prevented operational escalation of the storm event.