We acquired Block 46 Cai Nuoc from Repsol in January 2022 as part of the same acquisition which included three Malaysia PSCs and the PM3 CAA PSC. It lies adjacent to PM3 CAA and oil produced from Block 46 Cai Nuoc flows into the PM3 CAA facilities.
Block 46 Cai Nuoc PSC
Block 46 Cai Nuoc Production Sharing Contract
Hibiscus Petroleum’s Interest:
Talisman Vietnam Limited*
PetroVietnam Exploration Production Corporation Ltd.
Field Life Cycle:
Tie-back to PM3 CAA facilities
Acquisition Completion Date:
24 January 2022
*Operator name to be changed
Note: * Talisman Vietnam Limited is undergoing a name change. The legal entity is currently part of Hibiscus Petroleum pending the name change.
1 For the period from 1 February 2022 to 30 June 2022.
2 As at 1 July 2022, based on FIPC Group’s current estimated net entitlement, based on RPS Energy Consultants Limited’s report dated August 2022.
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.