Jadestone closing Malaysia transaction

July 16, 2021
Jadestone Energy expects to complete its acquisition of SapuraOMV Upstream’s Peninsular Malaysia E&P interests by the end of the month.

Offshore staff

SINGAPOREJadestone Energy expects to complete its acquisition of SapuraOMV Upstream’s Peninsular Malaysia E&P interests by the end of the month, having secured approval from Petronas.

The transaction should bring Jadestone 12.5 MMboe of net 2P reserves and 6,000 boe/d of low operating-cost production, of which more than 90% is oil.

07/16/2021

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