Hibiscus Petroleum holds operated interests in several concessions in the United Kingdom and Australia and a production sharing contract in Malaysia.
Our balanced portfolio consists of production, development and exploration assets.
Malaysia
| Jurisdiction | Malaysia |
| Fiscal System | Production Sharing Contract (PSC) |
| Licence Name | North Sabah PSC |
| 2011 North Sabah Enhanced Oil Recovery PSC | |
| Fields | Producing: St Joseph, South Furious, South Furious 30 (SF30), Barton |
| Licence Tenure | 2040 |
| Direct Interest | 50.0% |
| Operatorship | Operated |
| Asset Type | Production |
| Facilities/Infrastructure | 20 Platforms/Structures1, 146 Wells1, 1 Crude Oil Terminal |
| Net Oil Reserves and Resources (MMbbl) | 2P Reserves: 23.12 2C Resources: 14.62 |
| Net Gas Reserves and Resources (Bscf) | – |
|
Jurisdiction |
Malaysia | ||
| Fiscal System | PSC | PSC | PSC |
| Licence Name | Kinabalu PSC | PM305 | PM314 |
| 2012 Kinabalu Oil PSC | |||
| Fields | Producing: Kinabalu Main, Kinabalu East, Kinabalu Far East |
Producing: Murai/Angsi Southern Channel Unit |
|
| Licence Tenure | 2032 | 2029 | 2033 |
| Direct Interest | 60.0% | 60.0% | 60.0% |
| Operatorship | Operated | Operated | Operated |
| Asset Type | Production | Production | Production |
| Facilities/Infrastructure | 2 Platforms, 36 Wells | 1 Platform (SAA), 1 Platform (ASCU), 10 Wells (SAA), 6 Wells (ASCU) | 1 Platform (SAA), 3 Wells (SAA) |
| Net Oil Reserves and Resources (MMbbl) | 2P Reserves: 9.6⁵ 2C Resources: 0.1⁵ |
– | – |
| Net Gas Reserves and Resources (Bscf) | – | – | – |
| Jurisdiction | Malaysia-Vietnam Commercial Arrangement Area |
| Fiscal System | PSC |
| Licence Name | PM3 CAA PSC |
| PM3 Commercial Arrangement Area PSC | |
| Fields | Producing: Bunga Orkid, Bunga Pakma, Bunga Raya, Bunga Seroja, Bunga Kekwa, Bunga TulipExploration:Greater Central Area, Greater Silver Area |
| Licence Tenure | 2027 |
| Direct Interest | 35.0% |
| Operatorship | Operated |
| Asset Type | Production |
| Facilities/Infrastructure | 14 Platforms/Structures, 143 Wells, 2 FSOs |
| Net Oil Reserves and Resources (MMbbl) | 2P Reserves: 8.4⁵ 2C Resources: 2.9⁵ |
| Net Gas Reserves and Resources (Bscf) | 2P Reserves: 70.1⁵
2C Resources: 4.8⁵ |
United Kingdom
| Jurisdiction | United Kingdom | ||||||
| Fiscal System | Concession | ||||||
| Licence Name | Anasuria Cluster (or Anasuria) | ||||||
| P013 – Teal, Teal South, Guillemot A | P185 – Cook | P2535 – Block 21/24d | P2532 – Blocks 21/19c & 21/20c | ||||
| Fields | Producing: Teal, Teal South, Guillemot A |
Producing: Cook |
Discovered: Teal West |
Prospects: Cook West, Cook North (potential extensions of the current Cook field) |
|||
| Licence Tenure | Life of Field | Life of Field | Life of Field | Life of Field | |||
| Direct Interest | 50.0% | 19.3% | 70.0% | 19.3% | |||
| Operatorship | Jointly-operated | Non-operated | Operated | Non-operated | |||
| Asset Type | Production | Production | Development | Exploration | |||
| Facilities/Infrastructure | 13 Subsea Wells1, 1 FPSO1 | 2 Subsea Wells (future) | – | ||||
| Net Oil Reserves and Resources (MMbbl) | 2P Reserves: 24.03 | 2C Resources: 4.03 | Subsurface studies yet to commence | ||||
| Net Gas Reserves and Resources (Bscf) | 2P Reserves: 9.83 | – | Subsurface studies yet to commence | ||||
| Jurisdiction | United Kingdom | |
| Fiscal System | Concession | |
| Licence Name | Marigold Cluster | |
| P198 – Blocks 15/13a and 15/13b | P2518 – Block 15/17a | |
| Fields | Discovered: Marigold, Sunflower |
Discovered: Kildrummy |
| Licence Tenure | Life of Field | Life of Field |
| Direct Interest | 87.5% | 100% |
| Operatorship | Operated | Operated |
| Asset Type | Development | Development |
| Facilities/Infrastructure | 8 Subsea Wells (future) | 1 Subsea Well (future) |
| Net Oil Reserves and Resources (MMbbl) | 2C Resources: 43.63 | Subsurface studies yet to commence |
| Net Gas Reserves and Resources (Bscf) | – | Subsurface studies yet to commence |
Vietnam
| Jurisdiction | Vietnam |
| Fiscal System | PSC |
| Licence Name | Block 46 Cai Nuoc PSC |
| Fields | Producing: Cai Nuoc |
| Licence Tenure | 2027 |
| Direct Interest | 70.0% |
| Operatorship | Operated |
| Asset Type | Production |
| Facilities/Infrastructure | 9 Wells |
| Net Oil Reserves and Resources (MMbbl) | 2P Reserves: 0.3⁵ |
| Net Gas Reserves and Resources (Bscf) | – |
Australia
| Jurisdiction | Australia | ||
| Fiscal System | Concession | ||
| Licence Name | Bass Strait Cluster | ||
| VIC/RL17 | VIC/P57 | VIC/P74 | |
| Fields | Discovered: West Seahorse |
Prospects: Pointer, Felix |
Prospects: Oarfish, BigFin, Megatooth, Stargazer |
| Licence Tenure | 2026 | 2023 | 2025 |
| Direct Interest | 100% | 75.1% | 50% |
| Operatorship | Operated | Operated | Non-operated |
| Asset Type | Development | Exploration | Exploration |
| Facilities/Infrastructure | – | – | – |
| Net Oil Reserves and Resources (MMbbl) | 2C Resources: 8.04 | Best estimate prospective resources: 12 (Felix) |
Subsurface studies ongoing |
| Net Gas Reserves and Resources (Bscf) | – | Best estimate prospective resources: 177 (Pointer) | Best estimate prospective resources: 928 |
Notes:
1 As of January 2021.
2 As of 1 July 2021, based on the net entitlement of SEA Hibiscus Sdn Bhd (SEA Hibiscus), derived from RPS Energy Consultants Limited’s report for the PSC life.
3 As of 1 July 2021, based on the participating interest of Anasuria Hibiscus UK Limited (Anasuria Hibiscus), derived from RPS Energy Consultants Limited’s reports.
4 As of 1 July 2021, based on internal estimates.
5 As of 1 January 2022, based on the net entitlement of Peninsula Hibiscus Sdn Bhd, derived from RPS Energy Consultants Limited’s report for the PSC life, adjusted for actual production in 2021.
KEY
- FPSO – Floating Production, Storage and Offloading vessel.
- 2P Reserves – Proven and probable reserves.
- 2C Reserves – Best estimate contingent resources.
- MMbbl – Million barrels.
- Bscf – Billion standard cubic feet.
Our Assets
Notes:
1 As of January 2020.
2 As of 1 July 2020, based on net entitlement of SEA Hibiscus Sdn Bhd (SEA Hibiscus), derived from independent technical valuer, RISC Advisory Pty Ltd’s report dated January 2019, adjusted for actual production and internally estimated incremental reserves from executed projects in 2019 and for the 6 months ended 30 June 2020.
3 As of 1 July 2020, based on net entitlement of SEA Hibiscus, derived from independent technical valuer, RISC Advisory Pty Ltd’s report dated January 2019, less 2C contingent resources for executed projects in 2019 and for the 6 months ended 30 June 2020.
4 As of 1 July 2020, based on participating interest of Anasuria Hibiscus UK Limited (Anasuria Hibiscus), derived from Gaffney, Cline & Associates Limited’s report.
5 Based on participating interest of Anasuria Hibiscus as at 31 March 2021 and derived from RPS Energy Consultants Limited’s report as at 1 July 2020.
6 As of 1 July 2020, based on internal estimates.
7 Internal estimate – subject to further studies.
8 Subject to outcome of decision on whether to maintain existing production licence or apply for a retention lease. Licence tenure for a retention lease would be five years.
KEY
- FPSO – Floating Production, Storage and Offloading vessel.
- 2P Reserves – Proven and probable reserves.
- 2C Reserves – Best estimate contingent resources.
- Bscf – Billion standard cubic feet.