Geo-Jade Petroleum is a Chinese oil and gas exploration and production company with oilfields in Kazakhstan[1], Albania[2], Iraq[3].
 | |
| Company type | Public |
|---|---|
| SSE: 600759 | |
| Industry | Oil and gas industry |
| Founded | October 8, 1996 in Shanghai, China |
| Website | www.geojade.com/ |
The company has made two major acquisitions in 2014–15. In December 2014 it completed the acquisition of 95% of the shares of Maten Petroleum for $526 million. Maten Petroleum's main assets are located in three oil field blocks in production in Kazakhstan, the Matin, Eastern Kokarna and Kara-Arna oil fields.[4] In the other deal, in January 2015 the company announced a $400 million acquisition of Kozhan JSC, an oil producing company in Kazkahstan with rights to develop the Morskoye, Karatal, Dauletally fields in Atyrau Oblast.[5]
The company's stock is listed in the Shanghai Stock Exchange (600759.SH) since October 8, 1996.[6]
References
edit- ^ Mamyshev, Zhanbolat (October 19, 2023). "Chinese Geo-Jade Petroleum will launch exploration of Pridorozhnoe gas field next year".
- ^ Mejdini, Fatjona (March 21, 2016). "Chinese Buy Rights to Oil Fields in Albania".
- ^ Lee, John (May 20, 2024). "China's Geo-Jade in New Integrated Oilfield Project in Iraq".
- ^ "December 2014 Saw M&As Surging up; Another M&A and Reorganization Tide Is Around the Corner". PEdaily.cn. January 7, 2015. Archived from the original on 2015-04-02.
- ^ "Kozhan". Petroleum Journal. January 2015.
- ^ "Introduction Geo-Jade Petroleum Corporation".
