Hibiscus Petroleum in Brunei expansion

Hibiscus Petroleum Bhd managing director Kenneth Pereira.

PETALING JAYA: Hibiscus Petroleum Bhd is seeking to expand its operations into Brunei via the proposed acquisition of TotalEnergies Holdings International B.V.’s 37.5% interest in Block B Maharaja Lela Jamalul Alam (MLJ) field, offshore Brunei, for US$259.4mil (RM1.22bil).

The deal will be done via Hibiscus’ wholly owned subsidiary Simpor Hibiscus Sdn Bhd that has proposed to acquire TotalEnergies Holdings 100% stake in TotalEnergies EP (Brunei) B.V. which holds the stake in the brownfield gas and condensate producing asset since 1999.

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


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

Oil settles down on weaker US consumer sentiment
China’s exports top forecasts but falling imports point to more stimulus
Lessons from Malaysia’s Silver State
UK emerges as haven from global storms
Empowering SMEs in their digital transformation
Holistic approach to developing data centres
Sunview gains momentum on booming solar sector
Carbon tax conundrum
Robust plans needed to spur high-skilled jobs
Synergy House brings innovation to the table

Others Also Read