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Jadestone to close Maari field deal in 2H 2021
June 9, 2021,
by
Nermina Kulovic
Singapore’s Jadestone Energy expects to complete the acquisition of the 69 per cent operated interest in the Maari asset, located in the shallow water offshore New Zealand, from OMV in 2H 2021.
Jadestone entered into an agreement with OMV for the acquisition of a 69 per cent operated working interest in the Maari asset back in November 2019.
The acquisition was supposed to be completed in 2020. Despite several delays, Jadestone said in March 2021 it was committed to closing the deal. As the effective date remains 1 January 2019, Jadestone will ultimately receive all economic benefits of the Maari interest from that date. ....

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