Find out more about our company’s salient milestones below.
Bursa Main Market Listing
25 July 2011
Listed on the Main Market of Bursa Securities under Special Purpose Acquisition Company (SPAC) listing rules.
Qualifying Asset Acquisition
18 April 2012
Completion of Qualifying Acquisition – 35% equity interest in Lime Petroleum Plc, whose assets included concessions in the Middle East.
Bursa Malaysia Reclassification of Sector
11 June 2012
Conversion from SPAC to Oil and Gas Company following Qualifying Asset Acquisition.
Completion of 3D Oil and VIC/P57 Transactions
8 January 2013
Hibiscus Petroleum’s indirect wholly-owned subsidiary, Carnarvon Hibiscus Pty Ltd, becomes the operator and 50.1% owner of the VIC/P57 permit area in the Bass Strait, Australia and 13.04% shareholder of 3D Oil Limited (presently known as 3D Energi Limited).
Australia Asset Production Licence Award
5 December 2013
National Offshore Petroleum Titles Administrator of Australia awards the VIC/P57 joint venture with a Production Licence VIC/L31 over the West Seahorse oilfield in the offshore Gippsland Basin, Victoria, Australia.
First Oil Discovery in Block 50 Oman
3 February 2014
Masirah Oil Ltd, a subsidiary of Lime Petroleum, discovers light oil in GA-South #1, the first offshore oil discovery in the east of Oman after more than 30 years of exploration activities.
Completed Drilling of Sea Lion-1 – Our First Exploration Well in Australia
11 November 2015
Carnarvon Hibiscus completes drilling of the Sea Lion-1 exploration well in Australia.
Completed Acquisition of Anasuria – Our First Producing Asset
11 March 2016
Hibiscus Petroleum completes the acquisition of a 50% interest in the Anasuria Cluster of oil & gas fields and the Anasuria FPSO located in the UK North Sea from Shell U.K. Limited, Shell EP Offshore Ventures Limited and Esso Exploration and Production UK Limited for a total cash consideration of USD52.5 million. Anasuria Operating Company Limited, a company jointly incorporated by Anasuria Hibiscus UK Limited and Ping Petroleum UK Limited, assumed operatorship of the Anasuria Cluster (with the exception of the Cook Field).
Top 9% of Listed Companies for Corporate Governance (CG) Disclosures
22 December 2016
Based on a Bursa Malaysia analysis of 280 Annual Reports, Hibiscus Petroleum scored an average of 84.7%, placing it in the top 9% of companies analysed, an improvement from 2014 when it was ranked in the top 20%.
Completed Acquisition of 2011 North Sabah EOR PSC – Our Second Producing Asset
31 March 2018
Hibiscus Petroleum’s indirect wholly-owned subsidiary, SEA Hibiscus Sdn Bhd, assumes operatorship of the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC) after acquisition from Sabah Shell Petroleum Company Limited and Shell Sabah Selatan Sdn Bhd (collectively Shell) of Shell’s entire 50% participating interest in the 2011 North Sabah EOR PSC for a purchase consideration of USD25 million.
Completed Acquisition Of Marigold & Sunflower – Our First UK Development Asset
16 October 2018
Hibiscus Petroleum completes the acquisition of a 50% interest in the UK Continental Shelf Petroleum Production Licence No. P.198 Blocks 15/13a and 15/13b in the UK Central North Sea, which includes two discovered oilfields (Marigold & Sunflower respectively), thereby increasing Hibiscus Petroleum’s footprint in the UK.
Achieved First Oil from St Joseph infill Drilling Project in North Sabah
16 July 2019
SEA Hibiscus safely and successfully drilled and completed the SJ‐105A well, the first of 7 wells drilled as part of the North Sabah 2019 drilling campaign.
The Edge Malaysia Billion Ringgit Club Award Win
19 September 2019
Hibiscus Petroleum receives the award for “Highest Returns to Shareholders Over Three Years” in the Energy Sector at The Edge Billion Ringgit Club Corporate Awards 2019.
North Sabah Team Awarded for Production Operations
17 August 2020
SEA Hibiscus receives three awards, including Best Emerging Petroleum Arrangement Contractor, at the inaugural Malaysia Upstream Awards 2020 organised by PETRONAS.
Ranked in top 10% of PLCs for CG Disclosure, top 5% for overall CG and Performance by MSWG
19 September 2020
Hibiscus Petroleum ranked in the top 10% of Malaysian public listed companies (85th position out of the 866 companies evaluated) for CG disclosure in the Minority Shareholders Watch Group (MSWG)’s Malaysia-ASEAN Corporate Governance Report 2019. Also ranked in the top 5% of Malaysian public listed companies (38th position out of the 866 companies evaluated) for overall CG and performance.
Inclusion in FTSE4Good Bursa Malaysia Index
21 December 2020
Hibiscus Petroleum is accepted as a constituent of the FTSE4Good Bursa Malaysia Index. This index measures the performance of public listed companies demonstrating strong Environmental, Social and Governance (ESG) practices.
Completed Acquisition of 5 PSCs in Malaysia and Vietnam
24 January 2022
Hibiscus Petroleum’s indirect wholly-owned subsidiary, Peninsula Hibiscus Sdn Bhd successfully completes the acquisition of the entire equity interest in Fortuna International Petroleum Corporation (FIPC) from Repsol Exploración, S.A. FIPC holds various interests and operatorships in 5 production sharing contracts (PSCs): PM3 CAA, 2012 Kinabalu Oil, Block 46 (Cai Nuoc), PM305 and PM314.
BOC-29: Longest Well Drilled In Malaysia
3 March 2023
Hibiscus Petroleum’s indirect wholly-owned subsidiary, Hibiscus Oil & Gas Malaysia Limited, completes the drilling of the longest well in Malaysia at the Bunga Orkid field in the northern area of the PM3 CAA PSC. The well, Bunga Orkid C-29 (BOC-29), was drilled to a total depth of 6,963 metres and produced at an initial rate of close to 4,000 barrels of oil per day.
Teal West Development FDP Approval
1 August 2023
Hibiscus Petroleum’s indirect wholly-owned subsidiary, Anasuria Hibiscus UK Limited, receives Field Development Plan approval and Production Consent for the Teal West development in the UK North Sea from the UK’s North Sea Transition Authority.
Completed Acquisition of Block B Maharajalela Jamalulalam (MLJ) in Brunei
14 October 2024
Hibiscus Petroleum’s indirect wholly-owned subsidiary, Simpor Hibiscus Sdn Bhd, successfully completes the acquisition of the entire equity interest in TotalEnergies EP (Brunei) B.V. (TotalEnergies Brunei) from TotalEnergies Holdings International. TotalEnergies Brunei (presently known as Hibiscus EP (Brunei) B.V.) holds 37.5% interest and operatorship of MLJ.