Brunei Darussalam At A Glance

Brunei Darussalam At A Glance

On 14 June 2024, Hibiscus Petroleum Berhad, through its subsidiary Simpor Hibiscus Sdn Bhd, successfully completed the acquisition of a 37.5% operated interest in the Maharajalela Jamalulalam (MLJ) field offshore Brunei.

The MLJ field, a producing gas asset located in a prolific hydrocarbon region, adds a significant gas component to our portfolio and supports our strategic focus on energy transition. This acquisition is expected to boost the Group’s production volumes and reserves while enhancing our technical and operational capabilities.

With this addition, Hibiscus Petroleum continues to strengthen its position as a leading independent upstream oil and gas player in the region.

Block B

Asset Name:
Block B

Licence:
Block B Concession

Hibiscus Petroleum’s Interest:
37.5%

Operator:
TotalEnergies EP (Brunei) B.V. (entity in the process of being renamed)

Non-operating Partner:
Brunei Energy Exploration Sdn Bhd, Shell Deepwater Borneo BV

Asset Location:
85km offshore Brunei

Water Depth:
Shallow water (<100m)

Field Life Cycle:
Production

Producing Fields:
Maharajalela Jamalulalam

Development Type:
Fixed platforms with pipeline to Onshore Processing Plant

Acquisition Completion Date:
14 October 2024

Office Locations:
Bandar Seri Begawan, Lumut