Hibiscus Petroleum Managing director Dr Kenneth Pereira.
Hibiscus Petroleum Bhd
’s recent award of a 65% participating interest and operatorship in a production sharing contract (PSC) with Petroliam Nasional Bhd (PETRONAS) marks the first time the group has won a bid in Malaysia.
The PSC consists of four discovered opportunities in the Pertang, Kenarong, Noring and Bedong fields, located in water depths of between 65 and 75 metres off the east coast of Peninsular Malaysia.
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