Geo-Jade Petroleum

Last updated
Geo-Jade Petroleum
Company type Public
SSE: 600759
Industry Oil and gas industry
FoundedOctober 8, 1996;28 years ago (1996-10-08) in Shanghai, China
Website www.geojade.com/

Geo-Jade Petroleum is a Chinese oil and gas exploration and production company with oilfields in Kazakhstan, [1] Albania, [2] Iraq. [3]

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]

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References

  1. Mamyshev, Zhanbolat (October 19, 2023). "Chinese Geo-Jade Petroleum will launch exploration of Pridorozhnoe gas field next year".
  2. Mejdini, Fatjona (March 21, 2016). "Chinese Buy Rights to Oil Fields in Albania".
  3. Lee, John (May 20, 2024). "China's Geo-Jade in New Integrated Oilfield Project in Iraq".
  4. "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.
  5. "Kozhan". Petroleum Journal. January 2015.
  6. "Introduction Geo-Jade Petroleum Corporation".