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
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
7 January 2026
The global race for critical minerals has become a defining feature of energy geopolitics, presenting the ASEAN region with both opportunity and risk
7 January 2026
As global energy systems evolve to meet shifting demand and transition pressures, maintaining reliable hydrocarbon supply remains essential to energy security
6 January 2026
Cash will be needed to boost production by 30% to meet region’s rapidly rising power demand, executives told the inaugural Middle East Gas Conference in December
