United Kingdom

United Kingdom at a Glance

 

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)

Anasuria Cluster

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

 

1) P013 & Anasuria FPSO

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

2) P185

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.

3) P2535 (Block 21/24d)

Hibiscus Petroleum’s Interest:
70%

Operator:
Anasuria Hibiscus

Non-operating Partner:
NEO Energy (ZPL) Limited

Field Life Cycle:
Development

Discovered Field:
Teal West

4) P2532 (Blocks 21/19c and 21/20c)

Hibiscus Petroleum’s Interest:
19.3%

Operator:
Ithaca Energy (UK) Limited

Field Life Cycle:
Exploration

Marigold & Sunflower

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

 

1) P198 (Blocks 15/13a, 15/13b)

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

2) P2518 (Block 15/17a)

Hibiscus Petroleum’s Interest:
100%

Operator:
Anasuria Hibiscus

Field Life Cycle:
Development

Discovered Field:
Kildrummy

Highlights

ANASURIA AVERAGE UPTIME1

83%

AVERAGE NET DAILY PRODUCTION RATE1

2,665

boe/day
AVERAGE UNIT PRODUCTION COST1

22.2

USD/boe
LTIF1,3

0.00

2P OIL RESERVES2

24.0

MMbbl
2P GAS RESOURCES2

9.8

Bscf
2C OIL RESOURCES2

51.6

MMbbl
2C GAS RESOURCES2

3.2

Bscf
PERSONNEL WORKING ON ANASURIA OPERATIONS4

130

DEDICATED PROJECT TEAM FOR MARIGOLD

28

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:

  • 2P Oil/Gas Reserves – Proven and probable oil/gas reserves.
  • 2C Oil/Gas Resources – Best estimate contingent oil/gas resources.
  • boe – Barrels of oil equivalent.
  • MMbbl – Million barrels.
  • Bscf – Billions of standard cubic feet of gas.
  • LTIF – Lost Time Injury Frequency.
  • USD – United States Dollar.
  • ROSPA – Royal Society for the Prevention of Accidents.
  • FPSO – Floating, Production, Storage and Offloading Vessel.
  • FDP – Field development plan.
  • FID – Final investment decision.
  • OGA – Oil and Gas Authority, United Kingdom (UK).