On 10 March 2016, Hibiscus Petroleum acquired our very first producing asset – a package of geographically focused producing fields and associated infrastructure located in the North Sea, United Kingdom (UK), collectively known as the Anasuria Cluster (Anasuria). Anasuria delivers production that generates positive cash flow with infield future development opportunities and exploration upside. The recent addition of the Teal West discovery is a positive development and is expected to increase Anasuria’s production by 2023.
Expanding our footprint in the North Sea, Hibiscus Petroleum acquired the discovered oilfields called Marigold and Sunflower on 16 October 2018. This shallow-water development asset will deliver a step change to our production volumes and revenue generating capacity by FY2024.
Additionally, in line with our efforts to aggregate 2C oil resources at a competitive unit cost per barrel (as part of an area-wide development), we applied for (and were awarded), the Kildrummy discovery (as part of the UK 32nd Licensing Round). Kildrummy lies in close proximity to the Marigold and Sunflower fields. We also acquired acreage to the West and North of the Cook Field and will investigate the extension of the Field into these Blocks. Ithaca is the operator of this acreage.
Download Anasuria Hibiscus UK Limited (Anasuria Hibiscus) Modern Slavery Act Statement (PDF)
Asset Name:
Anasuria Cluster
Licences:
P013, P185, P2535, P2532
Asset Location:
United Kingdom Central North Sea, ~175km east of Aberdeen
Water Depth:
~94m
Acquisition Date:
10 March 2016
Office Locations:
Kuala Lumpur, Aberdeen
Safety Award:
In 2021, the Anasuria FPSO received the Order of Distinction from ROSPA, UK for 22 consecutive annual Gold Awards
Hibiscus Petroleum’s Interest:
50%
Operator:
Anasuria Operating Company Limited, jointly owned by Anasuria Hibiscus and Ping Petroleum UK Limited
Non-operating Partner:
Ping Petroleum UK Limited
Field Life Cycle:
Production
Producing Fields:
Teal, Teal South, Guillemot A
Discovered Field:
Kite
Development Type:
Subsea tieback to Anasuria FPSO
Hibiscus Petroleum’s Interest:
19.3%
Operator:
Ithaca Energy (UK) Limited
Field Life Cycle:
Production
Producing Field:
Cook
Development Type:
Subsea tieback to Anasuria FPSO
Asset infrastructure is laid over a distance of approximately 25km.
Hibiscus Petroleum’s Interest:
70%
Operator:
Anasuria Hibiscus
Non-operating Partner:
NEO Energy (ZPL) Limited
Field Life Cycle:
Development
Discovered Field:
Teal West
Hibiscus Petroleum’s Interest:
19.3%
Operator:
Ithaca Energy (UK) Limited
Field Life Cycle:
Exploration
Asset Name:
Marigold & Sunflower
Licences:
P198, Blocks 15/13a & 15/13b
P2518, Block 15/17a
Asset Location:
UK Central North Sea, ~250km northeast of Aberdeen
Water Depth:
~140m
Office Locations:
Kuala Lumpur, Aberdeen
Hibiscus Petroleum’s Interest:
87.5%
Operator:
Anasuria Hibiscus
Non-operating Partner:
Caldera Petroleum (UK) Limited
Field Life Cycle:
Development
Discovered Fields:
Marigold and Sunflower
Hibiscus Petroleum’s Interest:
100%
Operator:
Anasuria Hibiscus
Field Life Cycle:
Development
Discovered Field:
Kildrummy
NOTES:
¹ For the financial year ended 30 June 2021.
² As at 1 July 2021, based on Anasuria Hibiscus UK Limited’s participating interest. The reserves and resources estimates for Anasuria and Teal West are extracted from RPS Energy Consultants Limited’s report dated August 2021, while the contingent resources report for the Marigold and Sunflower fields are based on RPS Energy Consultants Limited’s report dated August 2020.
³ LTIF represents the number of lost time injuries (LTI) i.e. fatality, permanent disability or time lost from work occurring in a workplace per 200,000 hours worked by employees and contractors.
⁴ As at 30 September 2021, consists of personnel in Anasuria Operating Company Limited and personnel dedicated to Anasuria operations from Petrofac Facilities Management Limited.
KEY: