Prima Energy widens Southeast Asian footprint with stake in Jadestone
Prima Energy has expanded its regional footprint with the strategic acquisition of an interest in Jadestone Energy.
Indonesian upstream operator PT Prima Petroleum Energi (Prima Energy) has acquired a stake in London-listed Jadestone Energy, deepening its commitment to the Southeast Asian oil and gas sector.
Prima Energy has expanded its footprint in the exploration and production (E&P) industry with the recent acquisition of a 28.3% stake in AIM-listed and Southeast Asia-focused Jadestone Energy.
This strategic investment was completed after an extensive in-house assessment of Jadestone’s assets in Australia, Indonesia, Malaysia, and Vietnam and demonstrates the Indonesian firm’s commitment to the industry in the region.
The AIM-listed company, which is currently valued at £228 million (approximately $304.97 million), has ten assets in four countries and offices in five countries with over 400 staff.
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