Jadestone makes debut in Malaysian upstream sector

According to Petronas senior vice-president of Malaysia petroleum management Mohamed Firouz Asnan (pic), the acquisition is proof that Malaysia remained attractive with diverse investment opportunities to suit different investors’ appetite and capabilities.

KUALA LUMPUR: Jadestone Energy Holdings Ltd, a subsidiary of Singapore-based Jadestone Energy plc (Jadestone), has become the latest upstream investor and operator in Malaysia.

This is following the completion of its acquisition of four producing assets in the offshore of Peninsular Malaysia from SapuraOMV Upstream (PM) Inc (SapuraOMV PM), a subsidiary of SapuraOMV Upstream Sdn Bhd.