“Two more oil production wells are currently being drilled at St Joseph oil field, which will be followed by three new oil production wells and one water injection well in the SF30 oil field,” the oil and gas group said
PETALING JAYA: Hibiscus Petroleum Bhd
has achieved first oil under an enhanced oil recovery production sharing contract (PSC) in the St Joseph oil field in Sabah.
In its filing with Bursa Malaysia, the oil and gas group said its wholly owned subsidiary - SEA Hibiscus Sdn Bhd – had successfully drilled and completed the SJ-105A well, the first of the three infill wells being drilled as part of the St Joseph infill drilling project in Malaysia, under the 2011 North Sabah PSC.
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