Hibiscus Petroleum Bhd managing director Dr Kenneth Pereira
PETALING JAYA: Hibiscus Petroleum Bhd
is buying a 50% stake in two oil and gas blocks in the North Sea for US$37.5mil (RM156mil) from Caldera Petroleum (UK) Ltd.
It said its unit, Anasuria Hibiscus UK Ltd had inked a conditional sale and purchase agreement with Caldera to buy a 50% stake in Block 15/13a and Block 15/13b.
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