KUALA LUMPUR: Hibiscus Petroleum Bhd
’s indirect wholly owned subsidiary Hibiscus Oil & Gas Malaysia Ltd (HML) has been awarded a 65 per cent participating interest and operatorship in a production sharing contract by Petronas.
In a filing with Bursa Malaysia today, Hibiscus said the remaining participating interest is held by Petronas Carigali Sdn Bhd, while the effective date of the production sharing contract is July 1, 2024, with a contract duration of 24 years.
