"Geo-Jade Petroleum Corporation"  was renamed from the original company ‘Hainan Zhenghe Group Co.ltd’. The Company was founded in Aug 1984, which was one of the first pilot enterprises in Hainan Province to launch public offering of stocks. The Company's stock (600759.SH) started to be traded on the Shanghai StockExchange on October 8, 1996.

Company's main business has been transited from real estate, lease service and trading into oil and gas exploration and development. Based on China’s current oil supply and demand status and national strategy of encourages for various enterprises to implement "Go Global" strategy, as well as national policy and guidelines of encourages for various capital to invest into oil and gas exploration and development areas, the Company’s business development direction will concentrate in oil exploration and development, meanwhile actively invest in oil and gas logistics and downstream businesses, based on the development vision of "international independent oil and gas company originated from China ", the company promote "encourage team spirit, reward excellent performance, attract top talent, and control risk factors" as enterprise’s culture and core values, the Company strive to create sustainable value for shareholders, Employees and communities.

Geo-Jade Petroleum Corporation is foraying into Oil & Gas industry, throughout overseas acquisitions of oil and gas assets the Company conducted a strategic transition, which has strengthen the company's capacity for sustainable development. The Company always adhere to the two-wheel drive  of "adding value to  current project + acquiring new project"  and the development strategy of "dual focus of both oil and gas" , the Company has proactively seized the historic opportunities to acquire oil and gas asset in the low oil price period, throughout the usage of domestic and foreign capital/fund, excellent oil and gas resources in foreign countries, good resource management, as well as the integration of local advantage in means of production and marketing, the company has achieved multiple times of increase of reserves, production scale and profit.

Currently in Kazakhstan the Company holds with 100% equity in both Maten oil company and Kozhan  company, production in 2016 is expected to exceed 700,000 tons of crude oil.

On 6th July 2016, the Company disclosed’ the related-party transaction plan to issue stock shares and raise matching funds (revised draft)’, which was the plan to acquire 100% equity of Shanghai Long Zhou Xin Ke throughout issuing stock shares, and indirectly control 100% equity of Banksy company as well as radicals AO investment.

Since the establishment, the company has always operated fully in compliance with business laws, as well as honestly and trustworthy. The Company has won the best practice in the Belt & Road award on "2014 China cross-border investment Golden Whistle Award" , the economic cooperation achievement award issued by "Silk Road Fund for Peace" , and been awarded  the "2016 top 100 enterprises in Hainan Province award issued by "Federation of Hainan enterprises" 

In the future, Geo-Jade will firmly implement the development strategy of two-wheel-drive and dual focus of both oil and gas, while constantly expanding the international oil and gas exploration and production business, the Company will also actively invest in oil and gas pipeline transportation, warehousing and logistics, international sales network as well as oil and gas downstream processing businesses, gradually form a complete oil and gas upstream and downstream industry chain. Giving full play to the network system along "the Belt & Road" and the company's strength in researching, the Company will optimize the asset tendering and rationally allocate those in different countries and regions, and further advance in acquisition to grasp the opportunity to realize the leap-forward development for the Company.

Business

For more than 10 years, Geo-Jade LLC has invested more than 6 billion US dollars 

in exploration and development of oil and gas, and successfully operating 7 companies

 in 4 countries, including Kazakhstan, Albania, the USA and China. 


JSC "Maten Petroleum" (Kazakhstan)

JSC "KoZhan" (Kazakhstan)

NCP JSC (Kazakhstan)

Sozak Oil and Gas (Kazakhstan)

Bankers Oil Company (Albania)

Arsenal Resources Energy LLC(USA)

Xianghuangqi Oil Company (China)


  • Sozak Oil and Gas more
    Sozak Oil and Gas

    The block is located in the south of Kazakhstan and is administratively assigned to the Turkestan and Kyzylorda regions.

    Its area reaches 16,166 square kilometers.

    The geological reserves of natural gas within the block are enormous.


  • NCP JSC —— Exploration blocks more
    NCP JSC —— Exploration blocks

    JSC "NCP" includes 3 blocks, the total area of which is 8,709 km2.

    All three blocks are located in the Caspian basin of the Republic of Kazakhstan.

    According to the results of an assessment carried out by the French company CGG, the total geological oil resources of the three blocks are about 420 million tons. (2.8 billion barrels).


  • JSC "KoZhan"——producing field more
    JSC "KoZhan"——producing field

    JSC "KoZhan" owns 100% of the right to produce oil in three areas - Morskoye, Dauletali and Karatal, located in the Caspian Basin, the total licensed area of exploration and development of which is about 41 square meters. km.

    This is a large productive medium quality oil field located in the Caspian Basin of Kazakhstan, which is still under development.

    The geological oil reserves of 2P is 34 million tons (230 million barrels).

    Based on the results of the application of production optimization methods, the 2P reserves of KoZhaN JSC increased by 70% compared to 2015.

    To December 31, 2021, cumulative oil production amounted to 3.94 million tons. (26 million barrels)


  • JSC “Maten Petroleum”——producing field more
    JSC “Maten Petroleum”——producing field

    JSC "Maten Pertoleum" includes three oilfields: Kara-Arna, Kok-Arna and Matin, the total area of which is 75 square meters. km.

    Oil fields are large light oil fields located in the Caspian Basin of Kazakhstan.

    By the end of 2021, total in-place 2P reserves stood at 58.95 MMt (390 MMbbl).


  • Bankers in Albania more
    Bankers in Albania

    Oil company Bankers owns two blocks in Albania: Patos-Marinza and Kucova.

    Patos-Marinza is the largest onshore oil field in Europe, excludes Russia.

    Geological reserves of 2P are 384 million tons. (2.5 billion barrels), and geological reserves 2C - 511 million tons. (3.4 billion barrels).

    According to the development plan, the company plans to achieve a production volume of about 3 million tons. m. Over the next 3-5 years. (20 million barrels).


  • Arsenal Resources Energy LLC( USA ) more
    Arsenal Resources Energy LLC( USA )

    The main assets are located in the Appalachian Basin in the eastern United States. The Company holds rights to develop shale gas, including wellhead pipeline assets, in an area of approximately 180,000 acres (728 sq km) located in West Virginia, including:

      1. The right to develop shale gas in an area of about 50,000 acres of shale deposits in West Virginia;

      2. The right to develop shale gas about 130,000 PDCM;

    According to an independent third party reserve assessment, total recoverable shale gas reserves are around 220 billion cubic meters.


  • Exploration and development of oil and gas——in Kazakhstan more
    Exploration and development of oil and gas——in Kazakhstan

    Geo-Jade Petroleum LLC owns four oil and gas assets in the Republic of Kazakhstan, including the oil fields of Maten Petroleum JSC, KoZhaN JSC and NCP JSC, located in the Atyrau and Aktobe regions of the Republic of Kazakhstan, as well as the fields of Sozak Oil and Gas, located in the Turkestan and Kyzylorda regions.


Structure

ORGANIZATIONAL STRUCTURE