Jadestone closing Malaysia transaction

Jadestone Energy expects to complete its acquisition of SapuraOMV Upstream’s Peninsular Malaysia E&P interests by the end of the month, having secured approval from Petronas.

The transaction should bring Jadestone 12.5 MMboe of net 2P reserves and 6,000 boe/d of low operating-cost production, of which more than 90% is oil.

Source: Offshore Magazine