Geo-Jade Petroleum is a Chinese real estate development and oil exploration and production company with oilfields in Kazakhstan as well as exploration activity in Kazakhstan and Russia.
| Industry | Oil and gas industry |
|---|---|
| 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.[1] 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.[2]
The company's stock is listed in the Shanghai Stock Exchange (600759.SH) since October 8, 1996.[3]
References edit
- ^ "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".
