North Sabah


All posts for North Sabah

Newly Acquired North Sabah Asset Lifts Hibiscus Petroleum's FY2018 Profit After Tax by 92% to RM203.7 Million

4Q2018 PAT of RM98.8M (+1,041% y-o-y) and EBITDA of RM177.2M (+261% y-o-y) FY2018 Revenue of RM394.3 million – an increase of 51% * FY2018 EBITDA of RM334.1 million – an increase of 114% * FY2018 PAT of RM203.7 million – an increase of 92% * Cash balance of RM122.1 million ...

OilVoice Press - OilVoice


Posted 2 years agoPress > North SabahHibiscus PetroleumResults +1

Hibiscus Petroleum Completes Acquisition of North Sabah PSC From Shell

Hibiscus Petroleum secures second revenue stream with completion of the transaction to acquire 50% participating interests in the North Sabah PSC from Shell. Operatorship of the assets have been transferred from Shell to SEA Hibiscus. Significant boost in Hibiscus Petroleum's oil producti ...

OilVoice Press - OilVoice


Posted 2 years agoPress > AcquisitionHibiscus PetroleumNorth Sabah +3

Hibiscus Petroleum Receives Petronas Carigali’s Unconditional Consent Under the Joint Operating Agreement to the Assignment of Shell’s 50% Interest in the 2011 North Sabah EOR PSC

Hibiscus Petroleum Berhad (“Hibiscus Petroleum” or “the Group”), Malaysia's first listed independent oil and gas exploration and production company, announced that it has received unconditional consent from Petronas Carigali Sdn Bhd (“Petronas Carigali”) under the Joint Operating Agreement (“JOA ...

OilVoice Press - OilVoice


Posted 2 years agoPress > Hibiscus PetroleumPetronas CarigaliShell +3