Jadestone says the company intends to focus on 'near-term cash generating producing assets'
Jadestone advances Malaysian acquisitions
The Singapore-based firm is the latest independent to expand its upstream portfolio through the purchase of divested assets, this time in Malaysia
Singapore-based independent Jadestone Energy has received approval from Malaysian NOC Petronas to purchase stakes in four blocks in Peninsular Malaysia from SapuraOMV, a partnership between local firm Sapura Energy and Austria’s OMV. The deal is expected to be completed on or around 30 July this year. The assets comprise two operated blocks—with Jadestone acquiring 60pc of block PM 323 and 70pc of block 329—and non-operating stakes in PM318 and the combined Abu, Abu Kecil, Bubu, North Lukut and Penara licence. The acquisitions will add around 6,000bl/d oe—over 90pc of which is oil—to Jadestone’s production at a “low operating cost”. And the deal increases the firm’s proven and probable (2P)
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
