Hibiscus Petroleum buys stake in North Sea blocks


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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

US stock futures, dollar surge as markets sense Trump win
Toyota posts first quarterly profit drop in two years
Malaysia's services producer price index up 0.3% in 3Q- DoSM
Markets lean on 'Trump trade' as former president leads
Honda posts 15% fall in Q2 operating profit, missing forecasts
Deleum unit ups stake in gas turbine supplier to 90%
Broad-based buying on Bursa Malaysia as regional sentiment stays positive
3REN climbs 20% on ACE Market debut
PETRONAS harnesses AI for data-driven investor decisions in Malaysia's E&P sector
Bursa Malaysia rises as US election in full swing

Others Also Read