Hibiscus Oil And Gas Malaysia

Hibiscus petroleum berhad was incorporated in malaysia under the act as a private limited company on 5 december 2007.

Hibiscus oil and gas malaysia. Bursa malaysia listed oil and gas company hibiscus petroleum is looking to expand its asset portfolio through acquisitions of assets with strong production potential. Hibiscus petroleum berhad is malaysia s first listed independent oil gas exploration and production company with assets are based in uk and australia. Interestingly despite oil plunging to an unprecedented level many o g stocks on bursa malaysia have remained resilient down just about 6 to 10 yesterday including hibiscus petroleum bhd serba dinamik holdings bhd and sapura energy bhd. Hibiscus which owns offshore oil fields in malaysia australia and the uk north sea.

Thus currently they are only producing around 8000 barrel per day bpd 3000bpd come from anasuria and 5000bpd come from north sabah. Company which developes small oil and gas fields in the south asia south east asia and oceania regions by upstream oil and gas activities consisting of exploration development and production of oil and gas resources. Hibiscus petroleum berhad is malaysia s first listed independent oil and gas exploration and production company. Malaysian oil and gas exploration and production company hibiscus petroleum is aiming to double its oil output in the united kingdom and malaysia to 20 000 barrels per day bpd by 2021 a senior.

It needs an additional 50 million by 2020 to boost production from about 10 000 bpd now kenneth pereira managing director of the company told reporters. Hibiscus petroleum berhad hibiscus petroleum or the company is malaysia s first listed independent oil and gas exploration and production company. The company was incorporated as a private limited company hibiscus petroleum sdn bhd on 5 december 2007 under the companies act 1965. Malaysian oil and gas exploration and production company hibiscus petroleum is aiming to double its oil output in the united kingdom and malaysia to 20 000 barrels per day bpd by 2021 a senior company executive said on thursday.

Through this project hibiscus petroleum will jump to the leads in oil and gas industry in malaysia market where this project will help them move closer to the estimated target of producing 20000 barrel of crude oil per day.