Ithaca Energy and Hibiscus go with Piper Bravo for new North Sea project

The Piper Bravo platform is being moved ahead as the preferred option to develop a joint Hibiscus and Ithaca Energy project in the North Sea.

Malaysia’s Hibiscus Petroleum owns the Marigold cluster, which neighbours the Ithaca Yeoman discovery, with the two working together on a joint development plan.

Hibiscus, which last year said it was in “exclusivity arrangements” on an FPSO for Marigold, confirmed today that a joint team is being set up in Aberdeen to progress Piper Bravo as the development option.