Jadestone Energy Holdings Ltd has become the latest upstream investor in Malaysia through its acquisition of SapuraOMV Upstream (PM) Inc (SapuraOMV PM).
SapuraOMV PM holds participating interests in producing assets located offshore Peninsular Malaysia, namely the AAKBNLP, PM318, PM323 and PM329 Production Sharing Contracts (PSC).
Jadestone is listed on the Alternative Investment Market (AIM) of the London Stock Exchange and has operatorship experience in oil and gas fields across the Asia-Pacific region.
PETRONAS is currently hosting the Malaysia Bid Round (MBR) 2021 themed “Grow Your Energy Portfolio With Us”. MBR 2021 offers 13 new opportunities in Malaysia’s prolific basins, accompanied by enhanced fiscal and non-fiscal terms in the PSC such as Enhanced Profitability (EPT) for the shallow water blocks, the Late Life Assets (LLA) and Small Field Assets (SFA), which are designed to match the risk and rewards of the investments with the type of assets available.
