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
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
