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
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
