Oil & Gas
Project Preview: Hibiscus Oil and Gas Malaysia
Hibiscus Oil & Gas Malaysia Limited is a leading independent oil and gas exploration and production company based in Malaysia. With a strong focus on monetizing producing oilfields and expanding their portfolio, Hibiscus plays a crucial role in the energy sector.
Contract Overview
- Contract Provider: Hibiscus Oil & Gas Malaysia Limited
- Industry: Oil and Gas Exploration and Production
- Geographical Focus: Malaysia, Vietnam, United Kingdom, Australia
Key Assets
- North Sabah Production Sharing Contract (PSC)
- Operator: SEA Hibiscus
- Fields: St Joseph, South Furious, SF30, Barton
- Location: Approximately 33 km from Kota Kinabalu, Malaysia
- Water Depth: 18 – 60 meters
- Development Type: Fixed platforms with dry trees, inter-field pipelines, and a trunk line to LCOT
- Kinabalu Oil PSC
- Part of the North Sabah PSC
- Contributes to overall oil and gas production volumes
Diversification into Gas
Hibiscus Oil & Gas Malaysia has also diversified into gas, acquiring assets in Malaysia and Vietnam. Their portfolio includes 205 wells and 17 platforms, which are expected to significantly contribute to their EBITDA.
BSL Oilfield Services' Support
BSL Oilfield Services provide efficient container logistics services, ensuring timely transportation of equipment, materials, and supplies to and from Hibiscus' oil and gas facilities.
