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MALAYSIA

JADESTONE ENERGY OWNS OPERATED INTERESTS OFFSHORE PENINSULAR MALAYSIA, COVERING THREE PRODUCTION SHARING CONTRACTS.  

MALAYSIA IS ALSO HOME TO THE JADESTONE’S SUBSURFACE AND FINANCE TEAMS.

As at 31 December 2021, the Peninsular Malaysia assets contained 2P reserves of 11.2 MMboe, net to Jadestone.

During H1 2022, average production from the Peninsular Malaysia assets was 4,578 bbls/d of oil and 5,191 mscf/d of gas, creating a combined production of 5,443 boe/d, net to Jadestone’s working interest.

PM 323 PSC

Jadestone owns a 60% operated working interest in the PM 323 production sharing contract, which includes three producing fields, Chermingat, East Belumut, and West Belumut, in water depth of approximately 72 metres, in the Malay Basin,  offshore Peninsular Malaysia.

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PM 329 PSC

Jadestone owns a 70% operated working interest in the PM 329 production sharing contract, which includes the producing East Piatu field, in water depth of approximately 63 metres in the Malay Basin, offshore Peninsular Malaysia.

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PNLP

In April 2023, Jadestone assumed operatorship of the PNLP Assets (formerly the PM318 and AAKBNLP PSCs) following the decision of the previous operator to withdraw from the licences.

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Kuala Lumpur Technical Centre

People are Jadestone’s most important asset, and Malaysia is an excellent source of well-educated technical talent in the Asia-Pacific region.

Jadestone employs mostly Malaysian nationals as well as a small number of expatriates, including those from within the Asia-Pacific region, at its Kuala Lumpur office.  This team helps drive our continued success throughout Southeast Asia and Australasia.

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