Hibiscus Petroleum

There is potential for a 15-year field life extension.

Anasuria Hibiscus UK has contracted Ocean Installer for construction services for the Teal West subsea development in the central UK North Sea.

Hibiscus Petroleum subsidiary Straits Hibiscus has agreed to acquire a 30% stake in the Block PM327 production sharing contract (PSC) offshore Peninsular Malaysia.

TotalEnergies has agreed to sell TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum for $259 million, with the transaction set to close during the fall.

The NSTA has executed an agreement with Anasuria Hibiscus UK for the award of the P2635 license in the North Sea.

Hibiscus Petroleum has integrated its two E&P business divisions offshore Malaysia.

Hibiscus Oil & Gas Malaysia has discovered oil with the Bunga Aster-1 well offshore Peninsular Malaysia.

Britain’s North Sea Transition Authority has approved Anasuria Hibiscus UK’s request to extend the second term of offshore license P2451 to Sept. 30, 2026.

Hibiscus Petroleum provides project updates in a results statement.

Production from the Anasuria area in the UK central North Sea has fallen recently due to shut-in of the GUA-P5 well in May, due to a hydraulic supply issue to the subsurface safety...