The door is open for a multi-million barrel North Sea oil and gas field to progress after it cleared the final regulatory hurdle.
Anasuria Hibiscus’ Teal West oil and gas field in the North Sea has been given the green light from one of the UK’s two offshore regulators.
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.
Hibiscus Petroleum (KLSE: HIBISCS) plans go it alone in developing the Teal West project in the UK North Sea, as partner NEO Energy exits the licence.
Hibiscus Petroleum (KLSE: HIBISCS) has hit a key milestone on the road to developing the Teal West project in the UK North Sea.
Hibiscus Petroleum (KLS: HIBISCS) is preparing a number of subsea contracts in relation to its Teal West project in the UK North Sea.
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 “accelerated schedule”.