Jadestone has recently acquired offshore assets in Malaysia
Jadestone’s expansion plans mature
The independent is looking to capitalise as more companies move to exit mature oil and gas assets, CEO Paul Blakeley tells Petroleum Economist
Asia-Pacific focused independent Jadestone Energy’s recent entry into Malaysia’s upstream is the latest step in a long-term strategy the company hopes will turn it into a major regional player. The developer’s focus over the last five years has been on acquiring mature producing assets that offer “speed to cash flow”, says Jadestone CEO Paul Blakeley. After a turbulent 2020 that saw the company slash its cost base to ride out international oil price volatility, Jadestone is once more chasing assets that will bolster its production and reserve base. “Majors are happy to exit an asset once its best days are behind it. They are not as efficient, slowed down by processes that are designed to min
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
