Hibiscus Petroleum Berhad 5199.KL Stock

Hibiscus Petroleum Berhad, an investment holding company, explores for, develops, and produces oil and gas. The company operates through Malaysia – North Sabah; Malaysia – Kinabalu and Others; Commercial Arrangement Area; United Kingdom; Australia; Vietnam; and Investment Holding and Group Activities segments. It holds interests in the North Sabah enhanced oil recovery production sharing contract producing fields located in Offshore Sabah, Malaysia. The company also holds interests in the Kinabalu field located in coast of Sabah, Malaysia, as well as holds interest in the PM305 and PM314 fields located to the eastern coast of Peninsular Malaysia in the Malay Basin; and holds 35% interest in the PM3 CAA field and manages the operations relating to the production of petroleum from six oil fields, such as Bunga Orkid, Bunga Pakma, Bunga Kekwa, Bunga Raya, Bunga Seroja, and Bunga Tulip. In addition, it holds interests in the Anasuria Cluster producing oil and gas fields, Marigold and Sunflower fields, license no. P2532 and P2535, and license no. P2366 and P2518 located offshore in the United Kingdom Continental Shelf; and operates VIC/RL17 production license, VIC/P57 exploration permit, and VIC/P74 production license in Australia, as well as invests in 3D oil. Further, the company holds 70% interest in the Block 46, a tie back asset which contains the producing Cai Nuoc field and the undeveloped Hoa Mai field located in Vietnamese waters. Additionally, it invests in, owns, and operates oil and gas concessions; and provides project management, technical, and other services relating to the oil and gas exploration and production industry. The company was incorporated in 2007 and is headquartered in Kuala Lumpur, Malaysia.