Brunei Darussalam

Brunei Darussalam At A Glance

In October 2024, Hibiscus Petroleum, through its subsidiary Simpor Hibiscus Sdn Bhd, successfully completed the acquisition of a 37.5% operated interest in the Block B Concession, containing the Maharajalela Jamalulalam (MLJ) field offshore Brunei Darussalam. The MLJ field, a producing gas asset located in a prolific hydrocarbon region, adds a significant gas component to our portfolio and supports our strategic focus on energy transition. This acquisition has boosted the Group’s production volumes and reserves while enhancing our technical and operational capabilities.

Block B

Asset Name:
Block B

Licence:
Block B Concession

Hibiscus Petroleum’s Interest:
37.5%

Operator:
Hibiscus Brunei

Non-operating Partner:
Brunei Energy Exploration Sdn Bhd, Shell Deepwater Borneo BV

Asset Location:
85km offshore Brunei

Water Depth:
Shallow water (<100m)

Field Life Cycle:
Production

Producing Fields:
Maharajalela Jamalulalam

Development Type:
Fixed platforms with pipeline to Onshore Processing Plant

Acquisition Completion Date:
14 October 2024

Office Locations:
Bandar Seri Begawan, Lumut

Highlights

AVERAGE UPTIME1

91%

AVERAGE NET DAILY PRODUCTION RATE1

6,400

boe/day
AVERAGE UNIT PRODUCTION COST1

6.67

USD/boe
LTIR1,3

0

2P CONDENSATE RESERVES2

3.1

MMstb
2P GAS RESERVES2

152.4

Bscf
2C CONDENSATE RESERVES2

0.2

MMstb
2C GAS RESERVES2

12.0

Bscf

Notes:

1 For the period from 14 October 2024 to 30 June 2025.

2 As at 1 July 2025, Block B 2P Reserves and 2C Contingent Resources are net to Hibiscus EP (Brunei) B.V. (Hibiscus Brunei) interest, based on RPS Energy’s report issued in May 2025 which has the figures up to 1 January 2025, and adjusted for actual production in the 6 months ended 30 June 2025.

3 LTIR represents the number of lost time injuries (LTI) which include fatalities, permanent disabilities or workhours lost due to workplace incidents per 200,000 hours worked by both employees and contractors.

 

Key:

  • 2P Condensate or Gas Reserves – Proven and probable condensate or gas reserves.
  • 2C Condensate or Gas Resources – Best estimate contingent condensate or gas resources.
  • boe – Barrels of oil equivalent.
  • MMstb – Million stock tank barrels.
  • Bscf – Billions of standard cubic feet of gas.
  • LTIR – Lost Time Injury Rate.
  • USD – United States Dollar.
  • RPS Energy – Tetra Tech RPS Energy Limited.