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 its associated infrastructure located in the North Sea, United Kingdom (UK), collectively known as the Anasuria Cluster. The Anasuria Cluster (Anasuria) comprises production that generates positive cash flow with infield future development opportunities and exploration upside.
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 2023.
Additionally, we acquired the Crown discovery, also in the North Sea, close to the Marigold and Sunflower fields. This has allowed us to aggregate 2C oil resources at a competitive unit cost per barrel as part of an area-wide development.
Most recently, we acquired interests in three new licences as part of the UK’s 32nd Offshore Licensing Round: P2535 (Block 21/24d, containing the Teal West discovery), P2532 (Blocks 21/19c and 21/20c, contiguous to the Cook field) and P2518 (Block 15/17a, containing the Kildrummy discovery).
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 September 2019, the Anasuria FPSO received the Order of Distinction from ROSPA, UK for 20 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:
Zennor Petroleum Limited
Field Life Cycle:
Development
Discovered Field:
Teal West
4) P2532 (Blocks 21/19c and 21/20c)
Hibiscus Petroleum’s Interest:
19.3%
Operator:
Anasuria Hibiscus
Field Life Cycle:
Development
Marigold & Sunflower
Asset Name:
Marigold & Sunflower
Licences:
P198, Blocks 15/13a & 15/13b
P2366, Blocks 15/18d & 15/19b
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) P2366 (Blocks 15/18d, 15/19b)
Hibiscus Petroleum’s Interest:
100%
Sale & Purchase Agreement Date:
7 October 2019
Operator:
Anasuria Hibiscus
Field Life Cycle:
Development
Discovered Field:
Crown
Target Development Milestones:
- 2021: FID & OGA Approval of FDP
- 2023: First oil
3) P2518 (Block 15/17a)
Hibiscus Petroleum’s Interest:
100%
Operator:
Anasuria Hibiscus
Field Life Cycle:
Development
Discovered Field:
Kildrummy
Highlights
ANASURIA AVERAGE UPTIME1
84%
AVERAGE NET DAILY PRODUCTION RATE1
2,898
boe/day
AVERAGE UNIT PRODUCTION COST1
19.3
USD/boe
LTIF1,3
0
2P OIL RESERVES2
21.5
MMbbl
2P GAS RESOURCES2
9.9
Bscf
2C OIL RESOURCES2
49.6
MMbbl
2C GAS RESOURCES2
18.0
Bscf
PERSONNEL WORKING ON ANASURIA OPERATIONS4
132
DEDICATED PROJECT TEAM FOR MARIGOLD
24
Notes:
1. For the financial year ended 30 June 2020.
2. The reserves and resources estimates for Anasuria are based on the Gaffney, Cline & Associates Limited report as of 1 July 2020 and based on Anasuria Hibiscus’ participating interest as at 1 July 2020, while the contingent resources for the Marigold and Sunflower fields are based on the RPS Energy Consultants Limited report as of 1 July 2020 and based on Anasuria Hibiscus’ participating interest as at 31 March 2021.
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 1 million hours worked by employees and contractors.
4. As at 30 September 2020, consists of personnel in the 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