Announced
Financials
Tags
Acquisition
Infrastructure
oil and gas assets
Cross Border
Friendly
Integrated Oil and Gas
Private
Malaysia
Pending
Majority
Single Bidder
Synopsis
Jadestone Energy, an independent oil and gas production company focused on the Asia Pacific region, agreed to acquire Peninsular Malaysia Assets of SapuraOMV, a strategic partnership between Sapura Energy and OMV, for up to $15m. "I am delighted to add these Peninsular Malaysia assets to the Jadestone portfolio. We have always viewed Malaysia as a highly prospective jurisdiction for upstream investment, and have been looking for the right entry opportunity. We see this Acquisition as a high margin tuck-in, which meets our investment criteria, and sets the stage for us to establish operating credentials in-country while we continue pursuing more materiality and growth through our acquisition and development led strategy," Paul Blakeley, Jadestone Energy President and CEO.
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