Hibiscus unit offered three licences in UK


  • Energy
  • Friday, 04 Sep 2020

In a filing with Bursa Malaysia, the oil and gas (O&G) company said the first licence offered blocks in mature, producing areas close to an existing infrastructure, under flexible terms of the innovate licence

PETALING JAYA: Hibiscus Petroleum Bhd’s unit Anasuria Hibiscus UK Ltd (AHUK) has been offered three licences as part of the 32nd United Kingdom Offshore Licensing Round launched by the UK Oil and Gas Authority in July 2019.

In a filing with Bursa Malaysia, the oil and gas (O&G) company said the first licence offered blocks in mature, producing areas close to an existing infrastructure, under flexible terms of the innovate licence that enabled companies like AHUK to define a licence duration and phasing that would result in the execution of an optimal work programme.

Hibiscus said the license for AHUK included Block 21/24D that contained the Teal West discovery, which is contiguous to the Teal field and is located about 4 km from the Teal manifold of the Anasuria Cluster.

“A 70% interest in Block 21/24D has been offered for award to Anasuria with the remaining 30% to be held by Zennor Petroleum Ltd.

“AHUK bid for this licence as we believe the Teal West discovery to be a potential tieback candidate to the Anasuria floating production and offloading facility, in which AHUK has significant interests, ” Hibiscus said.

Another licence is for Block 21/19C and Block 21/20C, which are contiguous with the Cook field. “The blocks offered for award will reflect a similar equity holding as that of the Cook Field – AHUK has been offered 19.3%, Ithaca Energy UK Ltd has been offered 61.4%, and Ping Petroleum UK Ltd 19.3% in each of both blocks, ” it said.

The third licence was for 100% Block 15/17A located 8 km from the Marigold field which is currently operated by AHUK.

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