North Sea slide fails to dent record output for Hisbiscus
Hisbiscus Petroleum reported its highest group quarterly production to date, even as revenues and output from its North Sea business fell on lower prices.
Hisbiscus Petroleum reported its highest group quarterly production to date, even as revenues and output from its North Sea business fell on lower prices.
Hibiscus Petroleum reported a profitable quarter at both group and UK level and expects to make progress on its plans for Teal West and the Marigold Area by the end of March.
Hibiscus Petroleum (KLSE: HIBISCS) is looking to book new work for its Teal West field as it moves to progress the development solo.
Issues with a production riser at the Anasuria FPSO have finally been fixed, more than a year after the fault cropped up.
Malaysian-based Hibiscus Petroleum has released its Q4 reports for the financial year, ending the 30th of June 2022, reporting gross profits of ยฃ45.84 million.
Hibiscus Petroleum (KLSE: HIBISCS) has hit a key milestone on the road to developing the Teal West project in the UK North Sea.
Anasuria Operating Company has taken over as operator of the namesake FPSO and associated pipelines in the North Sea from Petrofac.
Work to repair constrained production issues at the Hibiscus Petroleum Anasuria FPSO are nearing completion.
Anasuria Hibiscus and partner NEO Energy are moving forward with plans for the Teal West project in the UK North Sea on an โaccelerated scheduleโ.
Constrained production troubles at the Hibiscus Petroleum Anasuria FPSO are expected to continue well into next year.
Hibiscus Petroleum has said it has now entered into โexclusivity arrangementsโ on an FPSO for its Marigold project in the North Sea.
Anasuria Operating Company has appointed Peter Kavanagh, a former North Sea boss at Petrofac in Aberdeen, as its new chief operating officer.
Revenues at Anasuria Hibiscus UK have dropped 98% as the company deferred oil sales in hopes of a recovery in the price of Brent Crude.
A North Sea operator has said it is increasing food stocks on its flagship production asset โin case supply becomes limitedโ due to the Covid-19 outbreak.
Maintenance on its main production vessel and a drop in the oil price more than halved profits at Malaysiaโs Anasuria Hibiscus.