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
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
