Jadestone wraps up Malaysian purchase
Southeast Asia-focused Jadestone Energy has completed the $9.2mn takeover of the Malaysian assets of SapuraOMV Upstream, it said in a stock filing on August 2.
The assets flow around 6,000 barrels of oil equivalent/day of mostly oil but also some gas. Jadestone will also increase its proven and probable reserves by 34%, or some 12.5mn boe, through the deal.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
Through the transaction, first announced in April, Jadestone has obtained a 70% operated interest in the PM329 production sharing contract (PSC) that contains the East Piatu field, a 60% operated interest in PM323 PSC comprising the East Belumut, West Belumut and Chermingat fields, and 50% positions in the Petronas-operated PM318 and AAKBNLP PSCs.