Press briefing: Pereira and Zainul (right) giving updates on recent developments in the company after Hibiscus Petroleum’s AGM.
PETALING JAYA: Hibiscus Petroleum Bhd
is planning to spend close to RM200mil in capital expenditure (capex) for development of its oil and gas (O&G) fields located in north Sabah and Anasuria cluster in the North Sea.
Managing director Kenneth Pereira said the O&G firm had yet to decide on the financing, which could be from debt or equity market.
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