Hibiscus unit offered three licences in UK

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.